Justin Bieber has sold the rights to his entire back catalog, including megahit Despacito, sorry baby, To Hypnosis Song Management.
The song investment firm says it has reached an agreement with the Stratford, Ontario-raised pop singer for a share of all publication rights and royalties from his master recordings.
The deal covers Bieber’s entire back catalog of over 290 titles released by the end of 2021.
Terms were not disclosed by Hypnosis, and the company declined to place any value on the deal.
The Hipgnosis Songs Fund, run by Merck Mercuriadis from Middleton, North Carolina, has spent the past few years working with some of the world’s most prominent artists in hopes of tapping into new revenue streams for their music, including TikTok and other social uses. I have signed some major contracts. media platform.
Some of the company’s biggest acquisitions are with Canadians.
In 2021, Hipgnosis will release Michael Bublé’s Christmas hits and Metallica’s music, owned by Winnipeg-born producer Bob Rock. Sandman Appears and 50% or more stake 1,000 songs from 77-year-old Neil Young.
“This acquisition is one of the largest deals ever made for an artist under the age of 70,” Mercuriadis said in a statement.
“That’s the power of this incredible catalog, which boasts nearly 82 million monthly listeners and over 30 billion streams on Spotify alone.”