Justin Bieber sells his rights to 'Sorry,' 'Despacito' and other hits to Hipgnosis
Justin Bieber has sold the rights to his entire back catalogue, including megahits "Despacito," "Sorry" and "Baby," to Hipgnosis Song Management.
The song investment company says it's struck an agreement with the Stratford, Ont.-raised pop singer for his share of all publishing copyrights and royalties from his master recordings.
The deal covers Bieber's entire back catalogue of more than 290 titles released before the end of 2021.
Terms were not disclosed by Hipgnosis and the company declined to put a value on the deal.
Hipgnosis Songs Fund, operated by Middleton, N.S., native Merck Mercuriadis, has spent the past few years striking major deals with some of the world's most prominent artists, hoping to capitalize on new revenue streams for music, including its use on TikTok and other social media platforms.
Several of the company's biggest acquisitions have been with Canadians.
In 2021, Hipgnosis bought the royalty rights owned by Winnipeg-born producer Bob Rock on some of Michael Buble's Christmas hits and Metallica's "Enter Sandman" and a 50 per cent stake in more than 1,000 songs from 77-year-old Neil Young.
"This acquisition ranks among the biggest deals ever made for an artist under the age of 70," said Mercuriadis in a statement.
"Such is the power of this incredible catalogue that has almost 82 million monthly listeners and over 30 billion streams on Spotify alone."
This report by The Canadian Press was first published Jan. 24, 2023.
CTVNews.ca Top Stories
LIVE B.C. seeks ban on using drugs in 'all public spaces,' shifting approach to decriminalization
The B.C. government is moving to have drug use banned in 'all public spaces,' marking a major shift in the province's approach to decriminalization.
Air traveller complaints to Canadian Transportation Agency hit new high
The Canadian Transportation Agency has hit a record high of more than 71,000 complaints in a backlog. The quasi-judicial regulator and tribunal tasked with settling disputes between customers and the airlines says the backlog is growing because the number of incoming complaints keeps increasing.
Orca calf that was trapped in B.C. lagoon for weeks swims free
An orca whale calf that has been stranded in a B.C. lagoon for weeks after her pregnant mother died swam out on her own early Friday morning.
AFN chief says Air Canada offered a 15% discount after her headdress was mishandled
After the Assembly of First Nations' national chief complained to Air Canada about how staffers treated her and her ceremonial headdress on a flight this week, she says the airline responded by offering a 15 per cent discount on her next flight.
Sophie Gregoire Trudeau on navigating post-political life, co-parenting and freedom
Sophie Gregoire Trudeau says there is 'still so much love' between her and Prime Minister Justin Trudeau, as they navigate their post-separation relationship co-parenting their three children.
U.S. flight attendant indicted in attempt to record teen girl in airplane bathroom
An American Airlines flight attendant was indicted Thursday after authorities said he tried to secretly record video of a 14-year-old girl using an airplane bathroom last September.
76ers All-Star centre Joel Embiid says he has Bell's palsy
Philadelphia 76ers All-Star centre Joel Embiid has been diagnosed with Bell’s palsy, a form of facial paralysis he says has affected him since before the play-in tournament.
More than 115 cases of eye damage reported in Ontario after solar eclipse
More than 115 people who viewed the solar eclipse in Ontario earlier this month experienced eye damage after the event, according to eye doctors in the province.
DEVELOPING Bird flu outbreaks: WHO weighs in on public health risk
The current overall public health risk posed by the H5N1 bird flu virus is low, the World Health Organization said on Friday, but urged countries to stay alert for cases of animal-to-human transmission.