Justin Bieber sold his entire music catalog (291 songs) to Hipgnosis Songs Capital $200 million!
Justin Bieber received $200 million for selling his songs to Hipgnosis Songs Capital. He is the youngest artist to sell all of his catalogs. His catalogs include six studio albums, My World 2.0, Under the Mistletoe, Believe, Purpose, Changes, and Justice. Some of his hit songs are Baby, Boyfriend, What Do You Mean, Holy, Yummy, Love Yourself, Peaches, and Sorry.
Hipgnosis Song Management is the same company where Kenny Chesney and Justin Timberlake also sold their catalogs. The founder of the company, Merck Meruriadis told:
“This acquisition ranks among the biggest deals ever made for an artist under the age of 70. 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.”
He further added:
“The impact of Justin Bieber on global culture over the last 14 years has truly been remarkable. Such is the power of this incredible catalog that has almost 82 million monthly listeners and over 30 billion streams on Spotify alone. Scooter Braun has helped him build a magnificent catalog, and it’s a pleasure to welcome Justin and his incredible songs and recordings to the Hipgnosis family,”
Justin’s manager, Scooter Braun also spoke about the catalog sale in a statement saying:
“Justin is truly a once-in-a-generation artist and that is reflected and acknowledged by the magnitude of this deal. For 15 years I have been grateful to witness this journey and today I am happy for all those involved. Justin’s greatness is just beginning.”
“I want to thank Merck and his entire Hipgnosis team and all of our partners involved for working so hard to make this historic deal happen.”
Some of the other music artists who have recently sold their catalog are Stevie Nicks, Bruce Springsteen, Bob Dylan, Sting, and Neil Young.