Justin Timberlake sells song catalog for $100M to fund backed by Blackstone
Justin Timberlake is a recording artist who performs on stage during the Pepsi Super Bowl LII Halbtime Show at U.S. Bank Stadium, Minneapolis, Minnesota on February 4, 2018.
Christopher Polk | Getty Images
Buy, buy, buy.
Justin Timberlake is a pop star who started his career in the boy band NSYNC. He has now sold his rights to the song catalogue to Hipgnosis Song Management. The British company announced this Thursday.
Hipgnosis and a private equity firm completed the deal. BlackstoneHipgnosis Songs Capital. The estimated value of the asset is more than $100,000,000 The Wall Street JournalThe first to report the news said that Timberlake’s future releases are not covered by the agreement.
According to the superstar, he’s “excited” for the collaboration. He said, “I look forwards to entering the next chapter,” in a press release.
Timberlake’s hit songs are “Cry Me a River,”” “SexyBack,” and “Can’t Stop the Feeling.” NSYNC tracks include “Bye Bye Bye Bye.”
Timberlake (41), is the latest star in music to make a large profit by selling the rights of his songs.
Bruce Springsteen bought his catalogue from Sony Records for $550 Million in December. One month later, Bob Dylan, also selling his catalogue of recorded music, sold it to Sony in January. This was after Dylan in December 2020 sold his songwriting collection to Universal Music Publishing Group. Tina Turner was able to sell her catalogue for approximately $50 million at BMG in October.