Canadian singer Justin Bieber has sold the rights to his music to Hypgenosis Songs Capital for $200 million.
Last December, the Wall Street Journal indicated that the value of the deal was $200 million, which was confirmed on Tuesday by a source familiar with the file to Agence France-Presse.
With this deal, the 28-year-old Bieber has followed the example of a group of artists who recently sold the rights to all their works for hundreds of millions, including Bruce Springsteen and Bob Dylan.
The company specialized in managing music rights, which originally owns the rights to the works of the American band “The Red Hot Chili Peppers”, stated that it “has acquired all of Justin Bieber’s shares in copyright (including the author’s rights in execution), master recordings and related rights to all of his works.” However, the company You did not indicate the value of the transaction.
Competition has intensified in recent years between investment vehicles such as “Hypgnosis”, “Concord” and “Primary Wave” and major companies in the recording and music production sector such as “Universal Music”.
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