Justin Bieber sells rights to songs for $200m - BBC News

The pop star joins a growing group of artists who have cashed out on their catalogues.

2 hours agoShareclose panelShare pageCopy linkAbout sharingImage source, Getty ImagesImage caption, Justin Bieber performing in Hollywood, California earlier in JanuaryBy Mattea BubaloBBC NewsJustin Bieber has sold his share of the rights to his music to Hipgnosis Songs Capital for a reported $200m (£162m).

The firm now owns the pop star's stake in some of the biggest hits of recent years, including Baby and Sorry.

Bieber, one of the best-selling artists of the 21st Century, joins a growing group of artists who have cashed out on their catalogues.

The move means Hipgnosis will receive a payment every time a song it owns is streamed or used on radio, TV or film.

The company - a $1bn venture between financial giant Blackstone and the British Hipgnosis Song Management - acquired Bieber's publishing copyrights to his 290-song back catalogue.

https://www.bbc.co.uk/news/entertainment-arts-64394448?at_medium=RSS&at_campaign=KARANGA

---