Justin Timberlake sells entire music catalog for a reported $100 million
Justin Timberlake has joined the ranks of major musicians who have sold their music catalog for big bucks. The Grammy winner made a deal with Hipgnosis Song Management that includes copyrights to approximately 200 songs that Timberlake wrote or co-wrote, including hits like "SexyBack" and "Can't Stop the Feeling."
Timberlake's catalog is worth more than $100 million, according to an estimate from The Wall Street Journal.
Founded by former musician Mercuriadis, Hypgnosis — which is backed by the private-equity firm Blackstone — previously acquired deals from singer-songwriters such as Neil Young, Lindsay Buckingham, and Red Hot Chili Peppers.
"I am excited to be partnering with [Hipgnosis's CEO and founder] Merck [Mercuriadis] and Hipgnosis — he values artists and their creative work and has always been a strong supporter of songwriters and storytelling," Timberlake said in a statement. "I look forward to entering this next chapter."
Added Mercuriadis, "Putting this deal together has been a complete labor of love. I'm delighted to welcome them all to the Hipgnosis Family. This is the beginning of what we believe will be an incredible relationship important to us all."
Timberlake rose to fame as part of the popular boyband *NSYNC, eventually breaking off to pursue a solo career that has since spawned five studio albums and 40 singles. He is one of several artists who've recently sold their song catalogs, following pop singers such as Bruno Mars and Ryan Tedder and music veterans like Bob Dylan and Bruce Springsteen.
"Justin's incredible catalogue will join other amazing works at Hipgnosis which we know will serve as a great steward of his work," Mercuriadis said. "We look forward to a great partnership between Justin and Hipgnosis."
Representatives for Timberlake and his label did not immediately respond to EW's request for comment.
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