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Justin Bieber sold his song catalog to Hipgnosis Songs Capital, the company announced in a press release today. According to Billboard and different, the catalog sold for over $200 million. Formally, Hipgnosis acquired Bieber’s publishing copyrights, master recordings, and neighboring rights for his back catalog. The deal marks Hipgnosis’ largest music rights acquisition to date.
In 2021, Hipgnosis bought a 50 percent stake in Neil Young’s songwriting catalog. The following year, the estate of Leonard Cohen the whole is sold his songwriting catalog on Hipgnosis. Financial details of both acquisitions remain undisclosed. Also last year, Justin Timberlake sold his song catalog to Hipgnosis for a reported value which is just over $100 million.
Other players in the catalog takeover game are Universal Music Publishing, who bought the publishing rights to Bob Dylan’s entire catalog by 2020 at over $300 million. After that deal, Dylan sold the master rights to him recorded music catalog to Sony Music Entertainment for $200 million. Sony also took over the masters and publishing catalog of Bruce Springsteen for a reported $550 million in late 2021.
Some artists who are members of major groups sell stakes in their band’s catalog. Julian Casablancas sold his stake of the Strokes’ catalog to Primary Wave, while Public Enemy’s Chuck D sold a large stake in the his songwriting catalog to his longtime publisher Reach Music.
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