Justin Bieber sells his entire music catalog for $200 million

Justin Bieber sells music library for $200 million

Justin bieber
Picture: Kevin Winter (Photographic images)

Entering the list of composers and music legend those who choose to sell the rights to their songs, Justin bieber He sold his entire album of music for a “One time” payday the better $200 million. The huge pop fortune was acquired by Hipgnosis Song Fund, a UK investment company that regularly buys some of the most important and influential albums in modern music history.

The Biebs book is Hipgnosis’ biggest earner to date, according to differentwith 290 titles including his latest album Right. This includes “publishing copyright (including the share of the author of the work), recording masters and related rights” (including public performance fees). Hipgnosis founder Merck Mercuriadis congratulated Bieber and his longtime manager, Scooter Braun, in a statement, calling the artist’s success “amazing” and saying the duo made it to a “beautiful catalog.”

The lack of travel funds during the pandemic has led many artists to sell their catalogs, but that is not the only reason why artists have taken this plunge. Rock fell list some of the reasons, including tax benefits (surprise, surprise), wealth planning (for old artists like Neil Young, Bob Dylan, and Bruce Springsteen), and the unpredictable nature of the music industry. With new technology like streaming destroying music, young artists like Bieber can’t guarantee that their music will have a lasting legacy (at least, financially ). As the review goes, it is better to take the payment now-many times the value of the book’s old annual revenue—then wait for that list to complete.

Hipgnosis is a tearjerker for having the most music you’ve ever heard. In addition to Bieber, the company owns copyrights from artists such as Young, Justin Timberlake, Timbaland, Richie Sambora, Tom DeLonge, co-founders of Blondie, Mark Ronson, Jack Antonoff, Rick James, Barry Manilow, Lindsey Buckingham, Shakira, and more. Like the why Hipgnosis is willing to pay significant fees for these rights, “Mercuriadis wants to end the entire music distribution business living in its current capacity,” according to the Difficult. The idea is to “find out if music can work as an investment, like oil, gold, and the stock market,” except for the firm, “because Music is something that can be seen (eg Mercuriadis even if).

This evolution is expected to benefit not only Hipgnosis and its artists, but the common man, if DifficultThe explanation is to be believed. (Because reconnecting art with commerce is a net positive for society…) Here’s the new music of the future, we think!

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