Hipgnosis says this is their biggest music-related deal to date
Justin Bieber has sold his music rights and catalog to Hipgnosis Songs Capital for over $200 million.
This is the company’s biggest music-related deal to date.
The deal sells his master recordings, publishing rights, royalties, etc., to Hipgnosis for the 290 songs in his catalog. The Canadian-American pop star’s six albums, including his most recent album “Justice,” are part of the massive catalog sale. Bieber has been releasing since he was 13.
All of Bieber’s six official studio albums have been certified platinum or multiplatinum by the Recording Industry Association of America, and he’s recorded 33 singles that have been designated platinum or multi-platinum globally. A song or album that sells more than a million copies receives platinum certification, while works that surpass two million sales become multiplatinum.
“The impact of Justin Bieber on global culture over the last 14 years has truly been remarkable,” said Merck Mercuriadis, the founder of Hipgnosis Song Management. Mercuriadis said that Bieber is a defining artist in the streaming age and “the acquisition ranks among the biggest deals ever made for an artist under the age of 70.”
The CEO said, “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 a magnificent catalog, and it’s a pleasure to welcome Justin and his incredible songs and recording to the Hipgnosis family.”
Susan Saunders 1/26/23
