mein the last days , Word is out that Justin Bieber is selling his music catalog for $200 million. The news was reported by The Wall Street Journal, stating that the agreement will be with Hipgnosis Music. This would make him, at 28 years old, the youngest musician ever to sell the rights to his work.
In general, the rights to the catalog are usually sold by artists with a long career, such as Bob Dylan, Sting or Fleetwood Mac, all of whom are over 60 years old, It has become a common practice in recent years due to declining album sales They rely on touring to earn money.
Justin’s canceled tours have hurt his finances
In recent years, Bieber has canceled several concerts for various reasons. Including the epidemic, but it was also because he didn’t feel like it.
This year he has had cancellations due to health issues, but judging by what he posts on his Instagram, He still gave himself a life that cost him many dollars.
The problem, according to the WSJ, is that out of the $200 million he has to divide a lot of that money among all of his collaborators, Because he’s not usually the one who writes his songs solo, but with other people.
However, according to some sources close to the Canadian star, his money is running out because of his daily excesses, which he does not seem willing to reduce, and the reason for that, as they assert, is He is practically out of money and this causes him problems on a personal level with his wife.
The agreement is not yet official, but everything indicates that it will be announced soon. Where Bieber needs cash to fix his financial problems.
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