HomeBusinessJustin Timberlake sells song catalog for $100M to fund backed by Blackstone

Justin Timberlake sells song catalog for $100M to fund backed by Blackstone

Recording artist Justin Timberlake performs onstage throughout the Pepsi Tremendous Bowl LII Halftime Present at U.S. Financial institution Stadium on February 4, 2018 in Minneapolis, Minnesota.

Christopher Polk | Getty Pictures

Purchase, purchase, purchase.

Pop famous person Justin Timberlake, who obtained his begin within the boy band NSYNC, has offered the rights to his tune catalog to Hipgnosis Tune Administration, the British agency introduced Thursday.

The deal was accomplished on behalf of Hipgnosis’ partnership with personal fairness agency Blackstone, Hipgnosis Songs Capital. It’s stated to be valued at greater than $100 million. The Wall Street Journal, which first reported the information, added that the settlement doesn’t cowl future releases from Timberlake.

The famous person stated he’s “excited” concerning the partnership. “I look ahead to getting into this subsequent chapter,” he stated in a launch.

Timberlake’s hits embody “Cry Me a River,” “SexyBack,” “Cannot Cease the Feeling” and NSYNC songs comparable to “Bye Bye Bye.”

Timberlake, 41, is the most recent music star to promote the rights to his songs for an enormous sum of cash.

In December, Bruce Springsteen offered his catalog to Sony for $550 million. A month later, in January of this 12 months, Bob Dylan offered his catalog of recorded music to Sony, as effectively. That got here after Dylan offered his songwriting catalog to Common Music Publishing Group in December 2020. Tina Turner offered her catalog for about $50 million to BMG in October.



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