Justin Bieber reportedly 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 means that his master recordings, publishing rights, royalties have been sold to Hipgnosis for the 290 songs in his catalog.
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 streaming platforms. 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."
Good on you, JB! Can't imagine what I'd do with all of that money...