Justin Bieber has sold the rights to his entire music catalog to Hipgnosis Songs Capital for about 200 million dollarsadding to a growing list of stars who in recent years have sought to make money this way.

The agreement includes more than 290 themes published until the end of 2021 by the Canadian artist, as reported by Hipgnosis, a British firm supported by the Blackstone investment fund and which already holds the rights to the catalogs of other pop figures.

Although the company did not communicate the economic conditions of the operation, various media like Billboard, Rolling Stone or The Wall Street Journal point out that it amounts to around 200 million dollars.

Bieber has released six studio albums to date, as well as several remix and compilation albums, but also dozens of singles and collaborations with other artists which include famous titles such as “Despacito”, as well as Luis Fonsi and Daddy Yankee.

The multi-million dollar agreement for the sale of its catalog It’s very unusual for an artist of his age. (28 years old) since most of these major operations were carried out by musicians at the end of their career and with a well-established musical heritage.

Bob Dylan, Bruce Springsteen, Neil Young or Sting are some of the stars who in recent years They sold the rights to their songs. for large amounts to different companies.

Hipgnosis, for its part, has recently become one of the most active firms in this field, acquire the catalogs of artists like Shakira or Justin Timberlake, among many others.