Connect with us

World News

Justin Bieber Sells Music Catalog for $200 Million

Published

on

Screenshot 2023 01 24 at 16.51.03

JUSTIN BIEBER HAS sold his publishing and recorded music rights to Hipgnosis Songs Capital, marking yet another blockbuster music catalog acquisition.

The deal, announced on Jan. 24, covers Bieber’s entire back catalog — 290 songs released before Dec. 31, 2021. Hipgnosis Songs Capital scooped up Bieber’s publishing copyrights (including his writer’s share), the lucrative rights to his master recordings, and even a more nitty-gritty royalty known as neighboring rights (any time a song is played publicly — like at a coffee shop — “neighboring rights” are paid to the owner of the recording).

Hipgnosis didn’t reveal the exact financial details of the sale, but The Wall Street Journal first reported that the deal was valued at around $200 million last month. Bieber joins a slate of more contemporary high-profile artists such as Justin Timberlake (who also sold to Hipgnosis) and Ryan Tedder in selling their catalogs, but the trend has been much more prevalent among legacy acts, such as Bruce Springsteen and Bob Dylan, whose catalogs are often seen as a safer bet among investors given that they’ve proven themselves over decades and may not lose as much revenue on radio and streaming play.

Read also: 95th Oscars: See full list of nominees

Still, with the deal closed, Hipgnosis gets Bieber’s share in some of the biggest hits of a musical era, including “Baby,” “What Do You Mean,” “Sorry,” and “Love Yourself.” With more than 150 million records sold, Bieber is one of the greatest-selling recording artists of all time. The buying boom of the past several years seems to have quieted down in 2022, but an acquisition the size of Bieber’s catalog proves there are still deals to be made in the music acquisition space.

In a statement, Bieber’s longtime manager Scooter Braun said, “When Justin made the decision to make a catalogue deal we quickly found the best partner to preserve and grow this amazing legacy was Merck [Mercuriadis] and Hipgnosis. For over a decade now Justin Bieber has entertained us and moved us with some of the biggest songs in the world. I’m so proud of him and all those involved over the years in helping amass this incredible body of work. Justin is truly a once in a generation artist and that is reflected and acknowledged by the magnitude of this deal.”

Hipgnosis and its founder Merck Mercuriadis closed the deal with Bieber through its $1 billion venture with private investment giant Blackstone. Mercuriadis has been a major figure in the music acquisition trend, offering previously unprecedented deals for songwriter and producer catalogs and eventually making deals with recording artists, including Neil Young and the Red Hot Chili Peppers.

Read also: Tems makes history with Oscar Nomination for “Original Song”

Mercuriadis added, “The impact of Justin Bieber on global culture over the last 14 years has truly been remarkable. At only 28 years of age, he is one of a handful of defining artists of the streaming era that has revitalized the entire music industry, taking a loyal and worldwide audience with him on a journey from teen phenomenon to culturally important artist. This acquisition ranks among the biggest deals ever made for an artist under the age of 70, such is the power of this incredible catalogue that has almost 82 million monthly listeners and over 30 billion streams on Spotify alone.”

Source: Rollingstone.com

Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

World News

Splash House Announces Dates for 10 Year Anniversary Season

Published

on

Splash House Announces Dates for 10 Year Anniversary Season

For the last ten years, Splash House has continually redefined the summer festival, fostering a boutique experience in the heart of Palm Springs, ahead of its time music curation, and devout community. In celebration of this milestone, Splash House 2023 returns this summer for its second triple-weekender season June 9-11, August 11-13, and August 18-20.

The event has evolved from a renegade poolside weekender into one of the most in-demand dance music festivals in North America, all the while retaining a distinct sense of style rooted in the culture and allure of Palm Springs. Vast desert landscapes and unique accommodations at the Renaissance, Margaritaville, and Saguaro Hotels converge with fashion-forward audiences and forward-thinking musical bookings to create a new way to experience the travel hotspot.

In turn, Splash House has attracted a new generation of travelers to the desert city, which saw an economic impact of $6.7M per weekend from the three event weekends alone in 2022.

Chairman of PS Resorts Aftab Dada said on Splash House’s decade-long role in driving youth travel in the area, “Splash House is a home grown and incredibly successful music event for the City of Palm Springs and our destination. It has revitalized tourism in our slow summer months and attracted a younger generation. The festival is proof that Palm Springs is a destination for all ages”.

Scott White, President & CEO of Visit Greater Palm Springs added, “Splash House was a game-changer 10 years ago, attracting new visitors to Greater Palm Springs during our Summer months. We are excited about their continued success and the important economic impact this event has on our community”.

It remains the ease and comfort of the Splash House experience that makes it a favorite amongst its dedicated followers. All packages come with festival passes, a three-night stay at any of the three host resorts, and shuttle transportation between venues. Guests can relax in the comfort of a poolside room or catch their favorite artists from the balcony before making their way down to the dance floor.

At night, attendees can experience After Hours programming at the Palm Springs Air Museum while enjoying an open-air dance floor and witnessing artists perform alongside historic aircrafts, all backdropped by the San Jacinto Mountains.

As a barometer for what’s next in electronic music, Splash House has hosted acts like RÜFÜS DU SOL, Flume, and Classixx before they hit the world’s stage, alongside global selectors like The Blessed Madonna, DJ Harvey, Dom Dolla, TOKiMONSTA, Kaytranada, and more.

Presale passes and hotel packages for all three weekends will be available to purchase on Thurs, February 9 at 12PM PT. Those interested can register for the presale now on their site. Check out all pass types and hotel package options on splashhouse.com. Alumni Access returners get first access at hotel packages and passes and can check their status on the website. GA passes start at $165 + fees and hotel packages start at $1,000 + fees. Guests must be 21+ in order to purchase.

Continue Reading

Listen

Dreamville/Interscope Records Exec Produce “CREED III” Soundtrack — “Ma Boy” by J.I.D & Lute Out Now

Published

on

unnamed 9
Dreamville will executive produce the official soundtrack to CREED III alongside Proximity Media (Ryan Coogler, Ludwig Göransson, Archie Davis), Outlier Society (Michael B. Jordan) and Executive Music Producer Frank Brim. The acclaimed franchise’s third installment was directed by Michael B. Jordan and will feature music from artists within the Dreamville roster and beyond. At store turn tonight, fans will receive a taste of what to expect from the sonic world of CREED III with the release of brand-new track “Ma Boy” featuring Dreamville’s J.I.D and Lute. To listen to the explosive new collaboration later tonight, pre-save the link here: https://dreamville.lnk.to/MaBoy
Dreamville/Interscope Records worked closely with the franchise’s producers MGM, Proximity and Outlier to create a musical experience that fit not just the film’s needs but one that will be celebrated as its own piece of art — inspired by both the film and the coming together of various artists on a soundtrack that matches the film’s acclaim and impact on community and culture. The soundtrack will be released on March 3rd on Dreamville/Interscope Records alongside the film’s theatrical release.
Founded by Grammy Award-winning and multi-platinum hip-hop artist J. Cole in 2007, the organization is home to Dreamville Records, a critically acclaimed and commercially successful record label distributed in partnership with Interscope Records. Dreamville Records is currently home to a variety of both established and up-and-coming music artists, including J Cole, J.I.D, Ari Lennox, Bas, EarthGang, Cozz, Lute, and Omen. Dreamville has now evolved into the modern multidisciplinary entertainment and media company, Dreamville Ventures, which serves as the parent company to the aforementioned record label, as well as Studios, Apparel, Impact, and Festival divisions. As a diversified cultural hub, Dreamville continues to cultivate and create music, content, live events, and fashion as well as compelling ad campaigns with the industry’s biggest brands.
Combining the legacies of three of the most influential record labels in modern music history, Interscope Geffen A&M embarked on a new tradition of musical achievement with its unification on January 1, 1999.  Headed by Chairman and CEO John Janick, Interscope Geffen A&M is a major force in global music, developing chart-topping artists across a wide range of musical genres. Interscope Geffen A&M is part of Universal Music Group, the world’s largest music company. www.interscope.com
 
Metro Goldwyn Mayer (MGM) is a leading entertainment company focused on the production and global distribution of film and television content across all platforms. The company owns one of the world’s deepest libraries of premium film and television content as well as the premium pay television network MGM+, which is available throughout the U.S. via cable, satellite, telco and digital distributors.  In addition, MGM has investments in numerous other television channels, digital platforms and interactive ventures and is producing premium short-form content for distribution. For more information, visit www.mgm.com.
Continue Reading

World News

Attempted rape charge against Man Utd star Greenwood dropped

Published

on

MASON GREENWOOD

Charges of attempted rape and assault have been dropped against Manchester United footballer Mason Greenwood. (more…)

Continue Reading

World News

Ne-Yo to pay ex-wife Crystal Renay nearly $2 million after finalizing divorce

Published

on

Screenshot 20230202 135049 Chrome

American Singer Ne-Yo‘s divorce from his ex-wife Crystal Renay Smith has just been finalized, and the terms call for him to keep 3 of their 4 homes along with a Bentley, all while paying his ex-wife a lot of money in real estate holdings, a new car, as well as child support and alimony. (more…)

Continue Reading

World News

Missy Elliott makes history as first female hip-hop artist to be nominated in the Rock and Roll Hall of Fame

Published

on

missy elliott

Missy Elliott has made history after it was announced she will be inducted into the Rock & Roll Hall of Fame. (more…)

Continue Reading

World News

Beyoncé ‘hopes to bring Renaissance tour to Ghana’ for rare Africa show

Published

on

126095841 gettyimages 1388259808

Beyonce fans in Africa may not miss out on the Renaissance world tour entirely, as it’s claimed she’s in talks to bring the anticipated show to Ghana. (more…)

Continue Reading

Trending