Justin Bieber has sold the rights to his publishing and artist royalties from his song catalog, adding himself to a growing list of pop stars who have inked rights deals
Bieber sold his catalog to Hipgnosis, the music rights investment company announced Tuesday. “Justin is truly a once in a generation artist and that is reflected and acknowledged by the magnitude of this deal,” Bieber’s longtime manager, Scooter Braun, said in a statement. “For 15 years I have been grateful to witness this journey and today I am happy for all those involved. Justin’s greatness is just beginning.” Bieber’s publicist did not immediately respond to CNN’s request for comment.
Springsteen’s deal was worth about $550 million. Other artists’ catalogues have reportedly sold for an amount closer to Bieber’s haul. Many artists at the end of 2021 had rushed to sell their rights before the Biden Administration allowed capital gains taxes to increase, Hannah Karp, editorial director at Billboard, told CNN last year. Others, particularly artists nearing the end of the careers, opted to sell their rights for estate planning purposes, Karp said.
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