Justin Bieber Sells Rights To His Music For $200 Million

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Hipgnosis Songs has purchased the rights to Justin Bieber's music for a sum exceeding $200 million.

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The agreement covers Bieber's portion of publishing copyrights, performance rights as a songwriter, recorded music catalog, 

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and rights related to the public performance of his music, including in broadcasts and public spaces like stores.

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According to Variety, the songs like "Baby", "Beauty And a Beat" and "Love Me" of the pop icon Justin Bieber will continue to be managed by Universal Music Group.

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The agreement includes all of the 28-year-old Justin Bieber's previous works, a total of 290 songs, which have been released prior to December 31st, 2021.

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The deal also encompasses tracks from his latest album "Justice".

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The precise monetary information regarding the sale has not been disclosed but The Wall Street Journal has approximated the value of the deal to be around $200 million.

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Selling the rights to one's music is becoming increasingly prevalent among well-established, long-term musicians, 

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as their catalogs are viewed as a secure investment opportunity, due to their prior success and the lasting appeal of their music.

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In addition to the rights to his lucrative master recordings, the deal also includes his artist rights and neighboring rights royalties, 

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which entitle the owner to receive payment every time a song is played publicly.

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