Justin Bieber Sells Entire Music Catalogue for KSh 24b, Fans React: “Worst Deal Ever”
- Justin Bieber reportedly transferred money to his music publishing and recording a catalogue to the song capital Hipgnosis
- According to reports spread on social media, the Canadian singer gave the work of his life for just over $ 200 million
- Social media users weighed in on the deal and said Bieber could have earned more than his music
Reportedly one of the best-selling artists of all time, Justin Bieber has sold his entire music catalogue to Hipgnosis Songs Capital worth over 24 billion KS.
Justin Bieber's catalogue music Deal
The reports come after weeks of speculation that the award-winning star has been in talks to abandon his music publishing and recording a catalogue of Hipgnosis-supported songs, supported by Blackstone.
Justin Bieber has a career spanning more than a decade and 290 songs, including timeless classics such as Sorry and Baby behind him.
By selling your music Rights Star gave Hypgnos his share in his masters, as well as neighboring rights— royalties through which his owner receives payment whenever a song is played in public, National Reports.
Justin Bieber joins other stars who have sold their music Rights
According to EWN, the Baby hitmaker has joined a long list of international stars who have also sold their music catalogs to the capital of songs Hypgnosis.
Stars like Justin Timberlake and Shakira also sold their music Rights.
Many Twitter Users weren't thrilled with the 20-year-old star's decision to sell all of his music rights to $200 million. Many said that he could have made billions from his music.
“Bieber lost it when his voice cracked. Over $200 million is the jackpot. After Once Upon a Time, I'm Smiling, Baby, Kendall Jenner and Kourtney Kardashian, the world has moved on.”
“The worst deal ever. He could have made billions in his life from his music.”
“His catalog generates that revenue in just four years on Spotify.”
“Oh! He could get triple such lightness. The WHO allowed him to agree to this lol. I hope he succeeds, but it seems to me such a loss to his entire catalog.”