Image via TMZ
The Wall Street Journal claims that Justin Bieber is close to agreeing to a $200 million price tag for the sale of his entire discography.
One of the largest music rights buys in Hipgnosis Capital’s history is being facilitated by the Canadian pop sensation, according to ongoing negotiations. His whole record, which includes six albums as well as a handful of one-off singles and collaborations, would be covered under the agreement.
The same business paid $100 million earlier this year for the catalog rights to Justin Timberlake’s discography. Variety noted that Hipgnosis also acquired Leonard Cohen’s song catalog in March, though no specifics of the transaction were disclosed. The transaction was carried out through the roughly $1 billion Hipgnosis Songs Capital ICAV fund, which is funded by Blackstone and was established in 2021.
Bieber is far younger than the majority of musicians whose back catalogs are sold.