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

The agreement concerns more than 290 songs published until the end of 2021 by the Canadian artist, according to Hipgnosis, a British firm backed by the Blackstone investment fund and which already holds the rights to the catalogs of other pop figures. .

Although the company has not disclosed the economic terms of the operation, various media such as 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, as well as dozens of singles and collaborations with other artists, including such well-known tracks as “Despacito”, as well as Luis Fonsi and Daddy Yankee.

The multi-million dollar agreement for the sale of his catalog is very unusual for an artist of his age (28 years old) since most of these big operations have been carried out by musicians at the end of their career and with a good musical background. established. legacy.

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

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