Justin Bieber has sold his entire back catalog of music — more than 290 songs — to Hipgnosis Songs Capital, the music rights investment company announced Tuesday.
By Simrin Singh According to The company will acquire the rights to the entire back catalog of Bieber's releases through Dec. 31, 2021 — including publishing copyrights, master recordings, neighboring rights and artist loyalties, the company said.
Bieber has sold over 150 million records globally, Hipgnosis said, adding that all six of his albums have been certified platinum or multi-platinum. "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," Braun said in the press release."Justin is truly a once in a generation artist and that is reflected and acknowledged by the magnitude of this deal."
The concept of selling catalogs has become increasingly popular, even amongst younger musical artists like Justin Timberlake and Imagine Dragons, who also sold their catalogs in recent years.
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