Justin Bieber Reportedly Close to Selling Catalog for $200 Million
Written by SOURCE on December 21, 2022
Justin Bieber is reportedly nearing a deal to sell his entire catalog of music for $200 million, the Wall Street Journal reports.
The Canadian pop star is in talks with Hipgnosis Capital to broker one of the biggest music-rights acquisitions in the company’s history. The deal would cover his full discography, which spans six albums and a number of one-off singles and collaborations.
The same company purchased catalog rights to Justin Timberlake’s discography earlier this year for $100 million. As reported by Variety, Hipgnosis also bought the song catalog of singer-songwriter Leonard Cohen in March, although the details of the acquisition were not made public. The purchase was made through the Blackstone-backed Hipgnosis Songs Capital ICAV fund, which launched in 2021 with an initial investment of approximately $1 billion.
Bieber is considerably younger than the majority of artists who sell their music catalog.
Earlier this week, Bieber denounced a new collection of H&M clothing that features his face. “I didn’t approve any of the merch collection that they put up at H&M,” he wrote in a now-expired Instagram Stories post. “All without my permission and approval. SMH I wouldn’t buy it if I were you.”
He described the seemingly unauthorized merch as “trash” and encouraged his fans to avoid purchasing any of it. According to the fashion retailer, the collection was officially licensed and the merch went through the usual “approval procedures” before making it onto store shelves. The products are no longer to purchase on H&M’s website.
