Justin Bieber sells rights to his music back catalog

Justin Bieber has become the latest high-profile artist to sell his share of the rights to his music, in a deal with U.K.- based Hipgnosis Songs Capital.

Justin Bieber has become the latest high-profile artist to sell his share of the rights to his music.

The deal includes the publishing rights to a back catalog that spans over 290 titles, including hits "Sorry," and "Despacito."

The singer's agreement with U.K.- based Hipgnosis Songs Capital, a venture between finance giant Blackstone and Hipgnosis Song Management, includes all of Bieber's music released before Dec. 31, 2021.

“The impact of Justin Bieber on global culture over the last 14 years has truly been remarkable,” Merck Mercuriadis, founder and CEO of Hipgnosis Song Management said in a statement. "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."

The value of the acquisition was not clear as of early Wednesday morning.

https://www.nbcnews.com/news/us-news/justin-bieber-sells-rights-music-back-catalogue-rcna67354

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