Justin Bieber Sells Music Rights to Hipgnosis

 The music library of Justin Bieber is for sale.

New York (Risingafroz) Justin Bieber has added his name to a growing list of pop stars who have signed rights deals by selling the rights to his publishing and artist royalties from his song catalog.

Justin Bieber Sells Music Rights to Hipgnosis

Hipgnosis purchased the catalog from Bieber, according to a statement made Tuesday by the music rights investment firm.

Bieber's longtime manager, Scooter Braun, said in a statement, "Justin is truly a once in a generation artist and that is reflected and acknowledged by the magnitude of this deal.". "I have been fortunate to follow this journey for the past 15 years, and today I am happy for everyone involved. The best is yet to come for Justin. ".

Justin bieber sold music Right

According to Billboard, the deal is worth $200 million. According to Rolling Stone, Justin Bieber's generation's largest sale was made.

Numerous musicians, including Justin Timberlake, Sting, Stevie Nicks, Bruce Springsteen, and Neil Young, have recently sold the rights to their royalties. David Bowie, a late British rock star, had a six-decade career. Warner Music Group also acquired Bowie's entire catalog.

Justin Bieber Sells Music Rights to Hipgnosis

Springsteen's contract was estimated to be worth $550 million. According to reports, the prices for other artists' catalogs have come close to matching Bieber's earnings.

Hannah Karp, editorial director at Billboard, told reporters last year that many artists had rushed to sell their rights by the end of 2021 before the Biden Administration permitted capital gains taxes to rise. According to Karp, some people, particularly those who were artists nearing the end of their careers, chose to sell their rights in order to plan their estates.

Justin Bieber Sells Music Rights to Hipgnosis

However, some newer artists, like Justin Bieber, have also started to sell. In August, Imagine Dragons sold Concord Music Publishing their catalog. This month, Shakira announced a deal with Hipgnosis Songs Fund for the rights to her entire discography, which includes hits like "Hips Don't Lie," "Whenever, Wherever," and "She Wolf.". ".

Taylor Swift, however, is employing a different strategy, fighting to maintain creative control and rerecording some of her songs in order to secure publishing rights to her music.