Домой United States USA — Music Justin Timberlake sells his entire music catalog

Justin Timberlake sells his entire music catalog

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Justin Timberlake sold his entire song catalog to a Blackstone-backed management company, joining a wave of recent mega stars who are selling the rights to their music for big bucks.
London-based firm Hipgnosis Song Management announced Thursday the purchase of all the singer’s copyrights on tracks he wrote or co-wrote — a total of around 200 songs, according to Hipgnosis CEO Merck Mercuriadis. Among JT’s No. 1 hits now under their control include «SexyBack», «Can’t Stop the Feeling» and «Mirrors.»
The dollar figure behind the deal has not been disclosed, but people familiar with the matter have it valued upwards of $100 million, according to the The Wall Street Journal. Timberlake’s music collection spans over 20 years. The singer found fame in 1995 as a member of boy band phenomenon NSYNC. Following the international breakout success of the group, Timberlake launched a solo career that has included five studio albums and 40 singles. The sale took over a year to close, according to Mercuriadis, and is part of a rising trend of megastars selling their music catalogs who include the likes of Bob Dylan, Bruce Springsteen, Neil Young and Stevie Nicks. At 41 years old, however, Timberlake is younger than the other musical icons inking deals.
«A lot of the artists that are selling their catalogs are getting to a point in their lives where they are planning their estates, sort of planning for the future and they are at a point in their lives where it makes sense to sell their music to provide for their families», Hannah Karp, editorial director at Billboard told CNN.

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