It’s reports variety.
According to the magazine, there will be approximately 300 works, priced at around NOK 2 billion.
The sale includes both the songwriting rights and Bieber’s share of master rights to his recorded music, which includes more than 290 titles released prior to December 31, 2021.
Universal Music will continue to manage the star’s music.
Scooter Braun, who represented Bieber for a number of years, says he is satisfied with the sale.
– I would like to thank Merck, the entire Hipgnosis team and all partners involved for working so hard to achieve this historic transaction. When Justin made the decision to enter into a catalog deal, we quickly found the best partner for preserving and developing this amazing legacy, Merck and Hipgnosis.
– 15 years ago I was grateful to witness this journey, and today I am so happy for everyone involved. “Justin’s greatness is just beginning,” Brown said in a statement.
Merck Mercuriadis, Founder and CEO of Hipgnosis Song Management, believes that Justin Bieber’s influence on global culture over the past 14 years has been remarkable.
“This acquisition ranks among the largest deals ever made for an artist under 70, and such is the strength of this incredible catalog of nearly 82 million monthly listeners and over 30 billion streams on Spotify alone.
Moreover, he praises the star director.
– Scooter Braun has helped him build an amazing catalog and is thrilled to welcome Justin and his amazing songs and recordings to the Hipgnosis family.
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