Justin Bieber in talks to sell music catalog for $200 million: report
Stars such as Bob Dylan and Bruce Springsteen have sold their catalogs for nine-figure payouts
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Justin Bieber is closing in on sealing a $200 million deal with Hipgnosis Songs Capital to sell his music rights, according to multiple media reports.
If both groups reach an agreement, the deal will reportedly include shares of the pop singer's recorded-music catalog and other published works. The Wall Street Journal first reported the news on Wednesday, with the reports later confirmed by other outlets.
However, the catalog will still be administered and owned by Universal if a deal is reached, according to Variety.
The deal would be the largest acquisition to date for Hipgnosis, which earlier this year acquired the rights to Justin Timberlake's publishing and recorded music catalog for $100 million.
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Justin Bieber is reportedly in talks to sell his music catalog to Hipgnosis Songs Capital for $200 million. (Cliff Lipson/CBS via Getty Images / Getty Images)
Generally, publishing rights are not as valuable as the actual recorded songs and albums; however, revenue from advertising and movie licensing can provide a significant profit over a period of time, especially for popular artists like Bieber.
Although Bieber's music is relatively new compared to previous catalog sales for artists such as Bob Dylan and Bruce Springsteen, the singer's hit songs, including "Sorry," "Love Yourself" and "Baby," are still widely popular with a generation of music fans. Both Springsteen and Dylan sold their catalogs two years ago in mid-nine-figure deals.
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Previously, Hipgnosis acquired the catalogs of older singers, such as Leonard Cohen, whose music dates back over five decades.
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