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Justin Bieber Sells Entire Back Catalog to Hipgnosis for $200M USD
6 days ago - By Hypebeast
Justin Bieber has pawned off his catalog to Hipgnosis Songs Capital, the media investment fund announced on Tuesday. The deal was valued at $200 million USD, Billboard reported, citing a source close to the matter. According to the publication, that number makes it the “largest rights sale for any artist of Bieber's generation,” as well as Hipgnosis' most expensive acquisition yet. Per the terms of the agreement, Hipgnosis now owns Bieber's entire back catalog of releases up until December 31, 2021. Spanning 290 of Bieber's titles, the company has acquired publishing rights, neighboring...
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