In January 2023, Justin Bieber handed over his entire music catalog, including his hits "Baby," "What Do You Mean," "Love Yourself" and "Sorry," to the private equity firm Supported by Hipgnosis Song Management. (The deal also includes publishing rights and his masters.) Universal Music Group, meanwhile, still owns the recorded music rights. Although the exact amount for which Bieber sold his album has not been confirmed, it is estimated that the two-time Grammy winner received a whopping $200 million.
Bieber's lucrative catalog includes his six studio albums: 2010's My World 2.0, 2011's Under the Mistletoe, 2012's Believe, 2015's Purpose, 2020's "Changes" and 2021's "Justice." Considering the singer's income from global tours, product launches, and high-profile endorsements, Bieber's recent catalog earnings could result in a significant jump in his estimated net worth.
The "Yummy" hitmaker joins a long list of musicians who have cashed in on their musical legacies in recent years, including Bob Dylan, Stevie Knicks, Bruce Bruce Springsteen, Justin Timberlake, Shakira, Calvin Harris and, most recently, pop superstar Katy Perry - according to Reports say she's selling her hit-filled catalog for an eye-watering price.
According to Billboard , catalog rights company Litmus Music confirmed in September 2023 that it had acquired the rights to Perry's studio albums released by Capitol Records between 2008 and 2020, including 2008's "One of the Boys," 2010's "Teenage Dream" in 2013, "Prism" in 2013, and "Prism" in 2017. Witness , the smile of 2020.
