Bieber Sells Catalog To Hipgnosis
• Done deal: Justin Bieber has sold his music rights to Hipgnosis Songs Capital, a partnership between Hipgnosis Song Management and funds managed by Blackstone in a deal estimated to be worth more than $200 million. The transaction reportedly includes Bieber’s shares of his publishing and recorded-music catalog, comprising over 290 titles released before December 31, 2021. Sources tell Variety that Bieber’s songs will continue to be administered by Universal Music, the singer’s longtime home.
Merck Mercuriadis, Founder & CEO of Hipgnosis Song Management, commented, “The impact of Justin Bieber on global culture over the last 14 years has truly been remarkable. This acquisition ranks among the biggest deals ever made for an artist under the age of 70, such is the power of this incredible catalog that has almost 82 million monthly listeners and over 30 billion streams on Spotify alone. Scooter Braun has helped him build a magnificent catalog, and it’s a pleasure to welcome Justin and his incredible songs and recordings to the Hipgnosis family.”
Scooter Braun, CEO of Hybe America and Bieber’s longtime manager, said, “I want to thank Merck and his entire Hipgnosis team and all of our partners involved for working so hard to make this historic deal happen. When Justin made the decision to make a catalog deal, we quickly found the best partner to preserve and grow this amazing legacy was Merck and Hipgnosis. For 15 years I have been grateful to witness this journey and today I’m happy for all those involved. Justin’s greatness is just beginning.” [Photo: Rory Kramer]
