Hipgnosis Songs Capital has closed out on a deal and purchased 100 percent of Justin Bieber's publishing and recorded music rights for over $200 million.
According to Variety, the deal, which was announced today (Jan. 24), covers the Canadian native's publishing copyrights which includes the writer’s share of performance, master recordings and neighboring rights for his entire back catalog, wh consist of over 290 songs that were released before Dec. 31, 2021.
The Uk-based company will get the singer's share in some of his biggest hits, including “Baby,” "Boyfriend," “What Do You Mean,” “Sorry,” “Love Yourself,” including his most recent album Justice. This is Hipgnosis Songs Capital's biggest deal to date.
In a statement, Bieber’s longtime manager and CEO of Hybe America Scooter Braun said, “For over a decade now Justin Bieber has entertained us and moved us with some of the biggest songs in the world. I’m so proud of him and all those involved over the years in helping amass this incredible body of work. Justin is truly a once in a generation artist and that is reflected and acknowledged by the magnitude of this deal.”
Merck Mercuriadis, founder and CEO of Hipgnosis Song Management, added to the statement and said, “The impact of Justin Bieber on global culture over the last 14 years has truly been remarkable. 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."