Selling off the rights to your music catalogue has become more and more common in recent years, with a handful of ultra-famous veteran artists giving up their songs for massive sums of money.
And now, Justin Timberlake has broken the mold — well, sort of, as Shakira also sold her catalogue to Hipgnosis last year — by selling the rights to his songs before the age of 50.
As reported by the Wall Street Journal, Timberlake sold his song catalogue to Hipgnosis Song Management — which has a partnership with private equity firm Blackstone — for over $100 million USD. However, Timberlake's deal doesn't cover future releases, with Timberlake saying that "[he looks] forward to entering this next chapter" in a statement. So, congrats to Hipgnosis for getting Man of the Woods. Good for them!
In December of this year, Bruce Springsteen sold his masters and publishing to Sony for $500 million, while Bob Dylan sold his catalogue to Sony in January. Stevie Nicks, David Crosby, Lindsey Buckingham and Christine McVie have all cut similar deals in recent years.
And now, Justin Timberlake has broken the mold — well, sort of, as Shakira also sold her catalogue to Hipgnosis last year — by selling the rights to his songs before the age of 50.
As reported by the Wall Street Journal, Timberlake sold his song catalogue to Hipgnosis Song Management — which has a partnership with private equity firm Blackstone — for over $100 million USD. However, Timberlake's deal doesn't cover future releases, with Timberlake saying that "[he looks] forward to entering this next chapter" in a statement. So, congrats to Hipgnosis for getting Man of the Woods. Good for them!
In December of this year, Bruce Springsteen sold his masters and publishing to Sony for $500 million, while Bob Dylan sold his catalogue to Sony in January. Stevie Nicks, David Crosby, Lindsey Buckingham and Christine McVie have all cut similar deals in recent years.
