According to rumours, Justin Bieber may be seeking a record deal for his songs.
Hits Daily Double reports that there was talk of a deal being made for Justin Bieber's music rights. The Ghost singer is reportedly close to finalising a $200 million agreement, according to people close to the musician.
PopCrave broke the news and said that in addition to Bieber, Katy Perry may also be considering selling her publishing/recording stake.
"Justin Bieber and Katy Perry have reportedly been shopping deals to sell their publishing interest and recording revenue," the tweet read.
"Bieber’s deal is about to close for a possible $200M, while Katy’s publishing/recording share is valued at $80M-100M."
Music Publishing Revenue Streams were discussed by the small business website Chron.
"Music publishing is the business of getting people to pay for the right to use music. A revenue stream is a way that income is generated. A songwriter shares copyright ownership with a publisher, letting the publisher license that songwriter’s music for use by broadcasters, recording artists and producers worldwide."
As per HDD reports, it is yet unknown who will present Bieber and the team with the sizable cheque. The agreement is about to expire, according to the source.
To date, Bieber has generated 13 million dollars in U.S. revenue through sales of 50 million songs and more than 17 billion streams (notice that he is considerably greater elsewhere).