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Justin Bieber Sold His Music Catalog In 2023

The amount of the transaction for the sale of the results of the work of the mega-popular singer amounted to $200 million. This is a huge amount, so the transaction can be considered one of the most significant in the last few years.

The artist’s repertoire includes more than 290 songs published until December 31, 2021. The creative legacy of the artist for 2022 is not yet for sale.

The mega-popular pop star followed the example of many colleagues in the music industry who have already sold the rights to their music collections to the world’s leading labels. Among them there are very famous names who are among the leaders of the world music market today.

Hipgnosis, the music rights company that already owns the publishing rights, has said it owns all of Justin Bieber’s songwriting, master recordings, and related rights to his entire music catalog.

The repertoire includes over 290 songs released up to December 31, 2021, including his major hits “Baby”, “Sorry” and “Love Yourself”. But at the same time, the record company Universal will continue to manage the singer’s catalog, with six platinum (one million copies sold) or multi-platinum (several million copies sold) albums.

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It should be noted that Justin Bieber has over 30 000 million listeners on Spotify.

In addition to music streaming, companies like Hipgnosis are also monetizing their catalog on more modern platforms like TikTok or Roblox. The purchase was part of Hipgnosis’s association with financial management firm Blackstone, which announced a $1000 million investment in late 2022 to continue buying music.

David Bowie, Tina Turner or Leonard Cohen also participated in similar operations. The sale comes at a difficult year for Bieber due to health concerns.

Recall that the popular artist’s world tour was canceled after Justin Bieber was diagnosed with Ramsay syndrome, a condition of the facial nerve near the ear, due to which part of his face was paralyzed for several weeks.

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