Justin Bieber sells his music catalogue for a staggering 200 million dollars
2023/10/19

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rose to fame in 2008 after regular activity on YouTube where he uploaded his own songs or covers of historical hits.

The Canadian signed a professional contract with Usher's record label and after releasing his first single, 'One Time', he became a fan phenomenon.

Although he already achieved prestige with that, it was in 2010 with his album 'My World' and his catchy single 'Baby' that he became a pop megastar. 'Baby' got more than 300 million plays on Youtube and caused a spectacular boom in the industry.

Well, after 15 years at the top of the music charts, although also going through dark times, he has decided to sell his entire

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catalogue for the astronomical figure of 200 million dollars.

The company in charge of acquiring his rights will be Hipgnosis Songs Capital, backed by Blackstone.

'Justin Bieber's impact has been truly remarkable'

The founder of Hipnosis was not slow to heap praise on Bieber and his work in music over the years.

" Justin Bieber's impact on global culture over the past 14 years has been truly remarkable," announced Merck Mercuriadis, founder of Hipgnosis Song Management on Tuesday.

However, it should be noted that Justin's songs will continue to be managed by Universal Music, where he has been throughout his career, according to Variety.

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"This acquisition is among the biggest deals ever for an artist under the age of 70, such is the power of this incredible catalogue that has nearly 82 million monthly listeners and more than 30 billion plays on Spotify alone," the businessman continued.

" Scooter Braun has helped him build a magnificent catalogue, and it's a pleasure to welcome Justin and his incredible songs and recordings to the Hipgnosis family," concluded the artist manager.

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