Justin Bieber sold the rights to his entire music catalog to the company. Hypnosis Songs Capital approximately 200 million dollarsHe has been added to the growing list of stars who have been trying to make money in this way in recent years.
The deal includes more than 290 tracks released by the Canadian artist by the end of 2021As reported by Hipgnosis, a British firm backed by the Blackstone investment fund that already owns the rights to other pop figures’ catalogs.
Although the company did not disclose the economic terms of the operation, various media outlets such as Billboard, Rolling Stone or The Wall Street Journal have stated that the operation about 200 million dollars.
Bieber has released six studio albums, as well as several remixes and compilation albums, as well as dozens of singles and collaborations with other artists.Slowly‘ with Luis Fonsi and Daddy Yankee.
Multi-million dollar deal to sell your catalog very unusual for an artist his age (28 years old) because most of these major operations have been carried out by musicians in the last years of their careers and with a deep-rooted musical heritage.
Bob Dylan, Bruce Springsteen, Neil Young or Sting are some of the stars who have sold the rights to their songs in recent years. for large quantities to different companies.
Hipgnosis has recently become one of the most active companies in the field, buying catalogs of many artists such as Shakira or Justin Timberlake.
Source: Informacion
Brandon Hall is an author at “Social Bites”. He is a cultural aficionado who writes about the latest news and developments in the world of art, literature, music, and more. With a passion for the arts and a deep understanding of cultural trends, Brandon provides engaging and thought-provoking articles that keep his readers informed and up-to-date on the latest happenings in the cultural world.