It’s officially confirmed, Canadian multi-award-winning musician, Justin Bieber has made history selling off rights to his music in a multi-million dollar deal. According to multiple reports, the pop idol has completed the sales to Hipgnosis Songs Capital for $200m USD.
This is one of the biggest acquisition in music history buying 100% of the 28 year old‘s publishing, his artist royalties from his master recordings and neighbouring rights, which include his six studio albums as well as collaborations released prior to Dec. 31, 2021.
Popularly referred to as the prince of pop, Bieber is one of the best-selling music artists of all time, with estimated sales of over 150 million records worldwide, 33 Guinness World Records and 3 Diamond certifications by the RIAA. With almost 82 million monthly listeners and over 30 billion streams on Spotify alone, Bieber and his work have influenced various recording artists till date.
Speaking on the acquisition and Bieber’s legacy, Hipgnosis CEO Merck Mercuriadis‘ said “At only 28 years of age, he is one of a handful of defining artists of the streaming era that has revitalized the entire music industry, taking a loyal and worldwide audience with him on a journey from teen phenomenon to culturally important artist.
Though Bieber’s share of artist royalties for his masters will now be routed to Hipgnosis, Universal Music Group, UMG will continue to own the recorded music copyrights to his works in perpetuity.
Bieber’s manager for 15 years, Scooter Braun who also represented the superstar during the deal thanked all the parties involved and said Justin’s greatness is just beginning.
Recall that last year, Justin Timberlake, Nile Rodgers, Neil Young and even Nelly Furtado all sold some of their rights to Hipgnosis.
Copyright: News Central TV
All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from News Central TV.
