Justin Bieber sells rights to songs for $200m

Justin Bieber performing in Hollywood, California earlier in January (picture BBC)

 

BBC reported that Justin Bieber has sold his share of the rights to his music to Hipgnosis Songs Capital for a reported $200m.

The firm now owns the pop star’s stake in some of the biggest hits of recent years – including “Baby” and “Sorry”.

Bieber, one of the best-selling artists of the 21st Century, joins a growing group of artists who have cashed out on their catalogues.

The move means Hipgnosis will receive a payment every time a song they own part of is played in public.

The company -a $1bn venture between financial giant Blackstone and the British Hipgnosis Song Management – acquired Bieber’s publishing copyrights to his 290-song back catalogue.

That includes all of his music released before 31 December 2021 – and his writer’s share.

 

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