Justin Bieber has made over $200 million from the sale of his complete music library.
With Hipgnosis Songs Capital, the Never Say Never hitmaker has finalised a deal that covers all of his publication rights, as well as artist income from his master recordings and neighbouring rights.
The agreement covers all 290 titles in Justin Timberlake's discography, including his most recent album, 2021's Justice, and is the largest rights sale for any artist of the 28-year-old singer's generation. It is also the largest acquisition Hipgnosis has made to date, having paid $100 million for some of the rights to Justin Timberlake's catalogue.
The recording rights to Justin's compositions will always be owned by Universal Music Group.
Justin's manager, Scooter Braun, said in a statement: "I want to thank Merck and his entire Hipgnosis team and all of our partners involved for working so hard to make this historic deal happen."
"When Justin made the decision to make a catalog deal we quickly found the best partner to preserve and grow this amazing legacy was Merck and Hipgnosis."
"For over a decade now Justin Bieber has entertained us and moved us with some of the biggest songs in the world. I’m so proud of him and all those involved over the years in helping amass this incredible body of work. Justin is truly a once in a generation artist and that is reflected and acknowledged by the magnitude of this deal."
"For 15 years I have been grateful to witness this journey and today I am happy for all those involved. Justin’s greatness is just beginning."
Merck Mercuriadis, the founder and CEO of Hipgnosis, praised Justin as one of a "handful of defining artists of the streaming era."
He said in a statement: "The impact of Justin Bieber on global culture over the last 14 years has truly been remarkable."
"At only 28 years of age, he is one of a handful of defining artists of the streaming era that has revitalized 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 helped him build a magnificent catalogue, and it’s a pleasure to welcome Justin and his incredible songs and recordings to the Hipgnosis family."