Is It Too Late To Buy ‘Sorry’ Now? justin bieber sells back catalog

Justin Biber has become the latest high-profile artist to sell off his share of the rights to his music.

The deal includes publishing rights to a back catalog that spans more than 290 titles, including the hits “Sorry,” and “Despacito.”

The singer’s agreement with UK-based Hipgnosis Songs Capital, a venture between finance giant Blackstone and Hipgnosis Song Management, covers all of Bieber’s music released before December 31, 2021.

“Justin Bieber’s impact on global culture over the past 14 years has been truly remarkable,” Mark Merkuridis, founder and CEO of Hipgnosis Song Management, said in a statement. “At only 28 years old, she is one of the defining artists of the streaming era who has revitalized an entire music industry, following her on her journey from teen phenomenon to culturally significant artist with a loyal and worldwide audience.” is taking.”

The value of the acquisition was not clear as of Wednesday morning.

The Wall Street Journal did previously reported The deal was expected to be valued at approximately $200 million. NBC News was not immediately able to confirm the amount. A spokesperson for Hipgnosis said the company was not able to disclose that information.

Merkuridis said the acquisition was “one of the biggest deals ever done for an artist under 70 years old.”

“So much is the power of this incredible catalog that has nearly 82 million monthly listeners and over 30 billion streams on Spotify alone,” he said.

Bieber joins a growing body of artists including Bob Dylan And Bruce Springsteenin making major deals to sell the rights to their back catalogue.

In January 2022, it was revealed that 81-year-old Dylan had sold the rights to his entire back catalog to Sony. Springsteen, 73, did the same thing At the end of 2021.

Scooter Braun, CEO of Hyb America and Bieber’s manager of 15 years, hailed the latest agreement as a “historic deal,” saying in a statement: “When Justin decided to pursue a catalog deal, we were quickly protected.” Merck and Hipgnosis were the best partners to grow and enhance this wonderful legacy.

Braun said, “Justin truly is the artist of a generation and that is reflected and acknowledged by the magnitude of this deal.” “For 15 years I have been witness to this journey and today I am happy for everyone involved. Justin’s greatness has just begun.”

Bieber has so far won two Grammy Awards from 23 nominations, and is one of the best-selling music artists of all time, having sold an estimated 150 million records worldwide.

Last year, the artist shared that he was Diagnosing Ramsay Hunt Syndrome, which he said caused him facial paralysis. He revealed the diagnosis after announcing that he would have to postpone several shows due to ongoing health issues.

In September, after returning to performing, Bieber paused his Justice World Tour, saying Tweet that he needed to “prioritize my health right now”.

“I’m going to be fine, but I need time to rest and get better,” he said.