Justin Timberlake has sold his entire music catalogue. The deal is valued at around $100 million.
Justin Timberlake (41) has sold all rights to his songs to Hipgnosis. The company announced this in a statement last Thursday. The music catalog is said to include around 200 songs that the singer wrote or co-wrote, including Timberlake’s hits “SexyBack”, “Can’t Stop the Feeling” and “Mirrors.”
That’s what Justin Timberlake says about the deal
“Justin Timberlake is not only one of the most influential artists of the last 20 years, but also one of the greatest songwriters of all time,” said Merck Mercuriadis (58), founder and CEO of Hipgnosis Song Management, on the deal. Timberlake also said in a statement, “I’m excited to partner with Merck and Hipgnosis – he values artists and their creative work and has always been a strong supporter of songwriting and storytelling. I look forward to beginning this next chapter.” The announcement did not provide any financial details. However, as the “Wall Street Journal” reports, the deal is said to be worth around one hundred million US dollars (equivalent to around 93 million euros).
Hipgnosis Songs Fund was founded by music manager Merck Mercuriadis, who already worked for Beyoncé (40) and, according to his own statements, sees song rights as an investment “as valuable as gold or oil”. Shakira (45) also had her entire song catalog with him at the beginning of 2021, the sales amount is not known here. And the Red Hot Chili Peppers have also given their song rights to the British investment fund for 140 million dollars (130 million euros).
Other world stars have already taken the step of selling the song rights. Sting, 70, has sold the rights to his entire music catalog to Universal for an alleged $350 million, Variety reported. According to the “New York Times”, a corresponding deal by Bruce Springsteen (72) with Sony Music Entertainment is said to have had an estimated value of 550 million US dollars (around 513 million euros). According to insiders, the heirs of David Bowie (1947-2016) are said to have received around 250 million US dollars (around 230 million euros).
