Justin Bieber has sold the rights to his song collection to Hipgnosis Songs Capital for $200 million. The deal is Hipgnosis’ largest music-rights acquisition to date. The auction comprises over 290 tracks. released before December 31, 2021. In 2021, Hipgnosis acquired a 50% share in Neil Young’s songwriting repertoire. Leonard Cohen’s estate sold the entirety of his songwriting repertoire to Hipgnosis the following year.
Hipgnosis Songs Fund is the first UK investment company to provide investors with genuine access to songs and associated musical intellectual property rights. They concentrate on diversifying their portfolio by acquiring catalogs based on proven hit songs of cultural significance written by some of the world’s most brilliant and influential songwriters.
Bieber’s ownership of his publishing copyrights, including the writer’s share of performance, master recordings, and related rights for his complete back catalogue of over 290 albums. Bieber’s publishing and recorded-music catalog are included in the purchase.
Claiming health difficulties, Bieber has postponed many dates for the Justice World Play, which began in 2022 despite early plans to tour in 2020.UMG will retain ownership of his master recordings throughout an indefinite period.
Universal Music Publishing, which paid more than $300 million for the publishing rights to Bob Dylan’s complete catalog in 2020, is another music giant in the catalog purchase market. After that agreement, Dylan paid Sony Song Entertainment $200 million for the master rights to his recorded music repertoire. Sony also acquired Bruce Springsteen’s masters and publishing portfolio for a rumored $550 million in late 2021.
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