01-24-2023, 11:38 PM
https://www.bbc.co.uk/news/entertainment-arts-64394448
Justin Bieber has sold his share of the rights to his music to Hipgnosis Songs Capital for a reported $200m.
The firm now owns the pop star's stake in some of the biggest hits of recent years - including "Baby" and "Sorry".
Bieber, one of the best-selling artists of the 21st Century, joins a growing group of artists who have cashed out on their catalogues.
The move means Hipgnosis will receive a payment every time a song they own part of is played in public.
The company - a $1bn venture between financial giant Blackstone and the British Hipgnosis Song Management - acquired Bieber's publishing copyrights to his 290-song back catalogue.
I'm honestly surprised by this
. He's certainly not the first artist to have done it - but it's usually older artists doing it later in life, when they've already made most of the money they'll ever make from their work.
Still, I'm quite pleased that he's done this. It stops him from resting on his laurels: it means that if he wants to continue to make money, then he'll need to create more music!
Justin Bieber has sold his share of the rights to his music to Hipgnosis Songs Capital for a reported $200m.
The firm now owns the pop star's stake in some of the biggest hits of recent years - including "Baby" and "Sorry".
Bieber, one of the best-selling artists of the 21st Century, joins a growing group of artists who have cashed out on their catalogues.
The move means Hipgnosis will receive a payment every time a song they own part of is played in public.
The company - a $1bn venture between financial giant Blackstone and the British Hipgnosis Song Management - acquired Bieber's publishing copyrights to his 290-song back catalogue.
I'm honestly surprised by this
. He's certainly not the first artist to have done it - but it's usually older artists doing it later in life, when they've already made most of the money they'll ever make from their work.Still, I'm quite pleased that he's done this. It stops him from resting on his laurels: it means that if he wants to continue to make money, then he'll need to create more music!
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