Justin Bieber has sold his shares of his music publishing and recording catalog to the Blackstone-backed Hipgnosis Songs Capital.
NEW YORK – Pop juggernaut Justin Bieber has sold his music publishing and recording catalog shares to the Blackstone-backed Hipgnosis Songs Capital for $200 million, the company said Tuesday — marking the industry’s latest blockbuster rights deal.
The sale has been rumored for weeks, and sees the 28-year-old join a who’s who of artists who have cashed out recently on their catalogs.
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