The Canadian singer has dropped the rights to 290 of his songs
Justin Bieber has joined the new fashion of selling his music for a lot of money. It is an action that has been preceded by a large list of singers such as Bob Dylan, Taylor Swift or Shakira. On this occasion the company benefited by the songs of the interpreter of Baby, like those of the Colombian, has been Hipgnosis Songs Capital. It is a British company based in New York.
The catalog that Bieber has sold is composed of more than 290 songs which he published until the end of 2021, including hits like Sorry. All of them are distributed among six studio albums, several compilation albums, many singles and even collaborations with other world famous singers.
With this purchase Hipgnosis Songs Capital will receive money every time it is used any of Justin’s songs on television or in the cinema, as well as every time it is played on any digital platform or on the radio. The owner, Merck Mercuriadis, has clear that the music of the Canadian is “possibly the definitive soundtrack of the streaming revolution” so he knows that it will monetize everything paid for it.
The company has not publicly shared the amount it has paid the Canadian. Still, several media such as Billboard, The Wall street Journal or Rolling Stone believe that the real amount oscillates by 200 million dollars.
What the British company has done is to affirm that the agreement that has reached with Justin is “one of the largest ever made by an artist under 70 years”. This is because usually these millionaire contracts for selling music have been carried out by singers at the end of their career, after having a lot of songs. The case of Bieber is surprising since he is one of the best known artists of this century but he does not even reach the age of 30.
It is certainly a great contract for Justin as he has increased his fortune to the point of being one of the richest singers in the world. On the contrary, those who have not find this decision very funny are his followers. Having no release from the Die in your arms performer, his fans are worried about if this means that he wants to retire from music and put an end to his career. They are still waiting for the singer to explain the reason for his decision.