justin bieber and hipgnosis reach $200 million deal
Popular Canadian singer Justin Drew Bieber has closed a deal to sell 100% of his Publishing and Artist royalties to Hipgnosis Song Capital amounting to $200 million.
This apparently is the biggest deal ever for the company and has been confirmed by Hipgnosis.
The singer who was discovered by Scooter Braun in 2007 on Youtube embraced popularity and stardom globally and since has been loved by many music maniacs across the globe.
Justin Bieber released his first single “One Time,” in 2009, and his first album, My World 2.0, was released in 2010.
The singer in addition has released six studio albums, including Justice which was released in 2021.
Justin Bieber has won two (2) Grammy Awards and has been nominated for 23.
Billboard had initially hinted about an impending deal worth a little over the amount which has been closed by the singer and Hipgnosis in December last year.
Despite the deal, Justin Bieber’s music masters remain in Universal Music Group ownership.
Justin Bieber’s manager, Scooter Braun has remarked by expressing his delight over the news stating that ‘he is proud of the Singer’
“I’m so proud of him and all those involved over the years in helping amass this incredible body of work. Justin is truly a once in a generation artist and that is reflected and acknowledged by the magnitude of this deal.”
Hipgnosis shared a tweet on Twitter welcoming the artist to the Hipgnosis family
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