Douglas Lima – Special for Uai


01/25/2023 10:27

THE a singer Canadian Justin Bieber, 28, has sold the rights to his music catalog Hipgnosis for 200 million US dollars (more than 1 billion reais). THE musician follows the path of artists such as Bob Dylan, John Legend and Bruce Springsteen.

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The company responsible for the purchase was Hipgnosis Songs Capital. According to information from Billboard magazine, the royalty fee The artistic works of his main recordings, in addition to neighboring rights, now belong to a British company specializing in the management of musical funds.

The repertoire includes more than 290 songs released before December 31, 2021, including their greatest hits Baby, sorry and Justice. However, despite the sale, Justin’s songs will continue to be managed by Universal Music, the artist’s label. Bieber has released six studio albums to date, as well as several compilation albums, as well as dozens of singles and collaborations with other artists.

“Justin Bieber’s impact on global culture over the past 14 years has been truly remarkable. This acquisition ranks among the biggest deals ever for an artist under 70, such is the power of this incredible catalog. which has nearly 82 million monthly listeners and over 30 billion streams on Spotify alone. Scooter Braun has helped him build a wonderful catalog, and it’s a pleasure to welcome Justin and his music and recordings amazing in the Hipgnosis family,” Merck Mercuriadis, owner of Hipgnosis, said in an official statement. It should be noted that this was the biggest contract for a celebrity of this generation.

Last May, the company had already reached a US$100 million (R$514 million) deal with Justin Timberlake, in 2021, and bought 50% of Neil Young’s catalog for US$150 million (R$772 million). R$). The company also purchased Latin star Shakira’s 145-song catalog.