Justin Timberlake higher placed on his greatest go well with and tie for this deal!
On Could 26, it was introduced that the singer, 41, has offered his whole track catalog–which consists of Billboard chart-topping hits like “Cry Me A River,” “Rock Your Physique,” “Not A Unhealthy Factor” and “Seorita”–to Hipgnosis Music Administration. The deal is reportedly price $100 million, per The Wall Avenue Journal.
“I’m excited to be partnering with [Hipgnosis founder and CEO Merck Mercuriadis],” Timberlake mentioned in an announcement. “He values artists and their inventive work and has at all times been a robust supporter of songwriters and storytelling. I look ahead to getting into this subsequent chapter.”
Along with his whole music catalog, Hipgnosis can even personal Timberlake’s copyright, possession and the monetary pursuits of the author and writer’s share of the star’s public efficiency earnings going ahead.
Together with his sale, the singer–who just lately starred reverse his spouse Jessica Biel within the Hulu sequence “Sweet”–joins a rising record of distinguished musicians which have offered their catalogs throughout the final yr.
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In January, Shakira and Neil Younger each offered parts of their track catalogs to Hipgnosis Music Administration.
The “Hips Do not Lie” singer, 45, struck a deal to promote her whole catalog to the corporate for an undisclosed quantity, whereas Neil, 76, parted with 50 % of his whole catalogue for an estimated $150 million.
That very same month, Bob Dylan additionally made a cope with Sony Music Leisure for the rights to all of his recorded music for a value level between $150 and $200 million.
Final December, Bruce Springsteen made headlines when he offered his songwriting and recording rights for an estimated $550 million. As well as, Stevie Nicks of Fleetwood Mac offered the publishing rights to most of her songs, together with the hit “Landslide,” to Major Wave for $100 million.