Justin Bieber has sold his publishing and recorded music rights to Hipgnosis Songs Capital, marking yet another blockbuster music catalog acquisition.
and Bob Dylan, whose catalogs are often seen as a safer bet among investors given that they’ve proven themselves over decades and may not lose as much revenue on radio and streaming play.
Still, with the deal closed, Hipgnosis gets Bieber’s share in some of the biggest hits of a musical era, including “Baby,” “What Do You Mean,” “Sorry,” and “Love Yourself.” With more than 150 million records sold, Bieber is one of the greatest-selling recording artists of all time. The buying boom of the past several years seems to have quieted down in 2022, but an acquisition the size of Bieber’s catalog proves there are still deals to be made in the music acquisition space.
In a statement, Bieber’s longtime manager Scooter Braun said, “When Justin made the decision to make a catalogue deal we quickly found the best partner to preserve and grow this amazing legacy was Merck [Mercuriadis] and Hipgnosis. For over a decade now Justin Bieber has entertained us and moved us with some of the biggest songs in the world. I’m so proud of him and all those involved over the years in helping amass this incredible body of work.
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