Hipgnosis buys pop star’s rights
Justin Bieber has sold his music rights to Hipgnosis Songs Capital for more than $200 million. The deal includes Bieber’s shares of publishing and recorded music catalog, his interest in publishing copyrights and master recordings and neighboring rights for more than 290 titles released before December 31, 2021.
“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,” Scooter Braun, Hybe America CEO and Bieber’s manager, shares. “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 am happy for all those involved. Justin’s greatness is just beginning.”
“The impact of Justin Bieber on global culture over the last 14 years has truly been remarkable,” adds Hipgnosis founder Merck Mercuriadis. “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.”
The news follows the October announcement that Bieber was postponing his Justice Tour until further notice due to physical and mental tolls due to his diagnosis of Ramsay Hunt Syndrome. The tour, originally slated to begin in 2020 before being postponed due to the COVID-19 pandemic, kicked off in February of this year in San Diego, and made stops in ten countries across three continents before the pop star postponed it in September with 12 dates being canceled and then postponed the remainder dates in October.