Hipgnosis Songs Capital has reportedly now stated that it has concluded a deal to acquire 100% of Justin Bieber’s publishing, as well as his artist royalties from master recordings and adjacent rights.
According to a source familiar with the matter, the sale was valued at around $200 million.
Bieber has 26 top ten Billboard Hot 100 entries, including eight No. 1s. According to Luminate, his albums have earned 28 million equivalent album units in the United States, 13.2 million of which are traditional album sales.
The United States, his collected tracks billed mostly to him have garnered 16.6 billion on-demand official streams.
Though Bieber’s portion of artist income for his masters will now be channeled to Hipgnosis, UMG will retain perpetual ownership of his recorded music copyrights.