Justin Bieber has joined the growing list of pop stars selling their back catalogue after reaching a deal to sell his music rights for more than $200m.The Bieber back catalogue acquisition was made by Hipgnosis’s Blackstone-backed songs fund and is one of the group’s largest ever transactions.
Merck Mercuriadis, founder and chief executive of Hipgnosis Song Management, said: “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 revitalised the entire music industry, taking a loyal and worldwide audience with him on a journey from teen phenomenon to culturally important artist.”
