HINDUSTANVIEW.COM
Justin Bieber has reportedly sold his share of the rights to his music to Hipgnosis Songs Capital for $200 million.
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Justin Bieber is one of the best-selling artists of the twenty-first century, joins a growing list of artists who have profited from their catalogues.
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The size of this deal reflects and acknowledges the fact that Justin Bieber is truly a once in a generation artist, according to Scooter Braun, Bieber's longtime manager.
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As a result of the decision, Hipgnosis will get compensated each time one of its songs is streamed or heard on radio, TV, or in a movie.
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Justin Bieber is one of the best-selling artists of all time, and Hipgnosis now has a hand in some of the biggest hits of the twenty-first century, including Baby and Sorry.
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$1 billion joint venture between the American financial powerhouse Blackstone and the British Hipgnosis Song Management, now owns the publication rights to Justin Bieber's 290-song back catalogue.
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Justin Bieber is one of a select group of defining musicians of the streaming era, which has revitalised the whole music industry, yet he is only 28 years old.
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In August, Dragons sold their catalogue to Concord Music Publishing. Shakira signed a deal with Hipgnosis Songs Fund for her entire catalogue, which includes hits like "Whenever, Wherever," "Hips Don't Lie" and "She Wolf," which was announced earlier this month.