Pop star in Canada Justin Bieber A deal has been reached to place his music under the Proprietary of Hipgnosis Music Management an Blackstone Inc. backs investment entity

Hipgnosis was purchased Bieber’s share of Publishing copyrights, master records and neighbouring rights for his Complete back catalogue, including more than 290 titles previously released the Ende of 2021, Hipgnosis said in A statement was made Tuesday. Universal Music Group retains rights the Original recordings music Catalog, according to an individual familiar with the agreement.

Hipgnosis didn’t provide financial details. Representatives for Bieber didn’t immediately respond to a request for comment. Bloomberg reported in December Bieber’s stake could fetch about $200 million.

“This acquisition ranks among the biggest deals ever made for an artist under the age of 70,” Merck Mercuriadis, the Chief executive officer and founder of Hipgnosis is a term that means “heart sight”. in the statement.

Blackstone partners with Hipgnosis in 2020 and the promise to take responsibility an Hipgnosis Songs Capital will acquire an initial $1billion to start a private vehicle, Hipgnosis Songs Capital. music Manage catalogs and rights. Kenny Chesney, Leonard Cohen Justin Hipgnosis and Blackstone have also bought work from Timberlake.

The transaction had been previously reported by the Wall Street Journal.

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