Quick Telecast
Expect News First

Justin Bieber could get $200 million to sell catalog to Beyoncé’s former manager | Entertainment News

0 45


Justin Bieber could make roughly $200 million by selling his music rights to newly formed Hipgnosis Songs Capital.

The 28-year-old “Love Yourself” singer’s publishing and recorded music catalog would both be part of the sale, which would mark the largest such acquisition for the company, those familiar with the likely deal told The Wall Street Journal.

Though the deal would be significant if it closes, investing in music that has yet to pass the test of time is considered to be a bigger risk than purchasing the rights to decades-old work, according to WSJ. It’s typical for many to listen to new music when it’s initially released but often its popularity wanes over time.

A fellow pop icon named Justin, Justin Timberlake, sold his song catalog rights to the same company earlier in 2022, but for far less. The rights of the former NSYNC star reportedly went for $100 million, sources told WSJ.

Among the works included in Bieber’s catalog are the six studio albums to his name thus far, remix and compilation albums, and a myriad of singles as well as other artists’ tracks like 2017′s “Despacito.” Bieber features prominently on the mega-hit song led by Luis Fonsi and Daddy Yankee.

 

Hipgnosis owes its late 2021 founding to Blackstone and Hipgnosis Song Management Ltd., according to WSJ.

The company is run by Merck Mercruiadis, a reportedly prime figure in the value of recent sales for music rights, who previously counted Beyoncé and Elton John among those he managed.

———

©2022 New York Daily News. Visit nydailynews.com. Distributed by Tribune Content Agency, LLC.




Justin Bieber could make roughly $200 million by selling his music rights to newly formed Hipgnosis Songs Capital.

The 28-year-old “Love Yourself” singer’s publishing and recorded music catalog would both be part of the sale, which would mark the largest such acquisition for the company, those familiar with the likely deal told The Wall Street Journal.

Though the deal would be significant if it closes, investing in music that has yet to pass the test of time is considered to be a bigger risk than purchasing the rights to decades-old work, according to WSJ. It’s typical for many to listen to new music when it’s initially released but often its popularity wanes over time.

A fellow pop icon named Justin, Justin Timberlake, sold his song catalog rights to the same company earlier in 2022, but for far less. The rights of the former NSYNC star reportedly went for $100 million, sources told WSJ.

Among the works included in Bieber’s catalog are the six studio albums to his name thus far, remix and compilation albums, and a myriad of singles as well as other artists’ tracks like 2017′s “Despacito.” Bieber features prominently on the mega-hit song led by Luis Fonsi and Daddy Yankee.

 

Hipgnosis owes its late 2021 founding to Blackstone and Hipgnosis Song Management Ltd., according to WSJ.

The company is run by Merck Mercruiadis, a reportedly prime figure in the value of recent sales for music rights, who previously counted Beyoncé and Elton John among those he managed.

———

©2022 New York Daily News. Visit nydailynews.com. Distributed by Tribune Content Agency, LLC.

FOLLOW US ON GOOGLE NEWS

Read original article here

Denial of responsibility! Quick Telecast is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – [email protected]. The content will be deleted within 24 hours.

Leave a comment
Ads Blocker Image Powered by Code Help Pro

Ads Blocker Detected!!!

We have detected that you are using extensions to block ads. Please support us by disabling these ads blocker.

buy kamagra buy kamagra online
Immediate Access Pro