Hipgnosis Songs Capital has purchased Justin Bieber’s entire music catalogue for more than $200 million.
According to Billboard, the sale, which Hipgnosis announced on Tuesday, includes all 290 songs Bieber has released through December 31, 2021, including his most recent album “Justice,” which was released that year.
“Over the last 14 years, Justin Bieber’s impact on global culture has truly been remarkable,” Hipgnosis founder and CEO Merck Mercuriadis said in a statement.
“At only 28 years of age, he is one of a handful of defining artists of the streaming era that has revitalised the entire music industry, taking a loyal and worldwide audience with him on a journey from teen phenomenon to culturally important artist.
“This acquisition ranks among the biggest deals ever made for an artist under the age of 70, such is the power of this incredible catalogue that has almost 82 million monthly listeners and over 30 billion streams on Spotify alone. Scooter Braun has assisted him in building an incredible catalogue, and it’s a pleasure to welcome Justin and his incredible songs and recordings to the Hipgnosis family.”
Universal Music Group will retain ownership of Bieber’s recorded masters.
Hipgnosis has made its largest acquisition to date. Neil Young sold 50% of his catalogue to a UK investment firm in 2021. The following year, they purchased the catalogues of Leonard Cohen and Justin Timberlake.
Bob Dylan, Bruce Springsteen, and Phil Collins are among the artists whose song catalogues have been sold, albeit to different companies.
It’s unclear whether Bieber’s sale is connected to his 2022 diagnosis of Ramsay Hunt syndrome, a rare disease that causes facial paralysis and has caused Bieber to cancel tour dates. At the time, Bieber stated that he intended to resume the tour in 2023.