Singer Justin Bieber is reportedly nearing a deal to sell his music rights to Blackstone-backed Hipgnosis Songs Capital for $200 million, according to various media outlets.
Bieber is a multiplatinum-certified, Grammy-winning artist with six albums, the most recent of which was Justice, via Def Jam/Universal Music in March 2021.
That acquisition was made by Hipgnosis Song Management on behalf of Blackstone-backed Hipgnosis Songs Capital (Hipgnosis Songs Capital ICAV) — a separate entity to the U.K.-listed Hipgnosis Songs Fund.
Fellow pop artist Justin Timberlake sold the rights to his songs, including hits such as “Cry Me A River” and “Rock Your Body”, to Hipgnosis Song Management in May for $100 million.
Blackstone and Hipgnosis Song Management Ltd. announced a partnership in October to invest about $1 billion to acquire music rights and manage catalogs.
