Justin Bieber is on the verge of closing a deal to sell the rights to his entire music catalog for $200 million. According to The Wall Street Journal, the pop idol is negotiating the sale with Hipgnosis Songs Capital, a company backed by private equity fund Blackstone, which just gave half that sum to Justin Timberlake for the same deal.
If it goes through, it would be one of the largest acquisitions in music history – the biggest for Hipgnosis – and will include all six of the ‘Peaches‘ singer’s studio albums, several of his singles and also collaborations with other artists.
To realize how lucrative this deal will be for the 28-year-old singer, one only needs to look at the money other artists received for the rights to his music.
Bruce Springsteen recently sold his copyrights to the multinational Sony for a sum of 500 million dollars, while Bob Dylan, whose main source of income in recent years also came from his live shows, did the same with Universal in a transaction estimated at between 300 and 400 million dollars.
Tina Turner opted last year to cede control of her creations to the BGM group, receiving around 300 million dollars, and it should be noted that in all three cases these are stars with long careers that have accumulated dozens of successful albums and singles.
