Justin Bieber sold his music catalog for $200 million

Justin Bieber has sold his entire music catalog to Hipgnosis Songs Capital.

And according to AFP, this transaction brought him the tidy sum of 200 million dollars.

The company now owns 100% of the rights to its masters and related rights.

The contract covers the star's 290 tracks released before December 31, 2021 - from her debut album

to the latest

.

An acquisition which therefore includes his hits

and

.

Record contract

More and more artists are giving away their musical catalog for a large sum of money, and several have concluded agreements with Hipgnosis Songs Capital.

Justin Bieber joins his comrades Justin Timberlake, Shakira, Leonard Cohen, Nile Rodgers or even Neil Young and Nelly Furtado.

After signing the deal, Founder and CEO Merck Mercuriadis said songs can be "more valuable than gold or oil."

He added with great pride that "Justin Bieber's impact on world culture over the past 14 years has been truly remarkable."

Proof that he really believes in it, the catalog of the 28-year-old Canadian artist is the most important acquisition for Hipgnosis Songs Capital.

Moreover, it is the largest sum of money paid to hold the musical rights of an artist of the generation of Justin Bieber.

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