Justin Bieber sells rights to his song 'Baby'
(MENAFN) Justin Bieber's record-breaking pop hits from “Baby” to “Sorry” are no longer his when the superstar sold the rights to all his early career music.
The Canadian-American pop star’s six albums, as well as his newest album “Justice,” are part of the massive catalog sale agreement with Hipgnosis, a U.K-based music investment firm.
Top artists such as Sting, Bob Dylan and Shakira have in latest years sold rights to their catalogs for huge sums, but at 28 Bieber is the youngest superstar singer to do so. Hipgnosis bought Shakira's catalog in 2018.
Bieber's publishing copyrights, songwriter's ownership, master recordings and all rights of his whole catalog of recordings made through 2021 are currently owned by Hipgnosis. That covers 290 titles, counting hits such as “Peaches” “Beauty and the Beat” music that Bieber has been releasing since he was 13.
The agreement’s economic details have not been announced, but Billboard Magazine reports that the sale was worth almost USD200 million.
“Justin is truly a once in a generation artist and that is reflected and acknowledged by the magnitude of this deal.” Scooter Braun, Bieber’s longtime manager, stated on Tuesday.
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