JUSTIN TIMBERLAKE SELLS ENTIRE MUSIC CATALOGUE

Singer and songwriter Justin Timberlake has sold his entire catalogue to Hipgnosis Song Management. The Wall Street Journal has reported that the deal is worth $100 million.

As part of the deal, the 41-year-old has also sold his copyright, ownership and the financial interests of the writer and publisher’s share of his public performance income going forward.

His catalogue includes number one songs like “Cry me a river”, “Rock your body”, “Senorita” and “Sexy back”.

In a statement, the singer shared his excitement about the deal.

“I am excited to be partnering with (Hipgnosis founder and CEO Merck Mecuriadis). He values artists and their creative work and has always been a strong supporter of songwriters and storytelling. I look forward to entering this next chapter.”

The singer is not the only major artist who has sold his catalogue or rights to Hipgnosis.

Earlier this year, Shakira sold her entire catalogue to the same company for an undisclosed amount while Neil Young sold half of his entire catalogue for an estimated $150 million.

Bruce Springsteen sold his songwriting and recording rights for an estimated $550 million in December last year.

E! Online reports that the same month, Bob Dylan also made a deal with Sony Music Entertainment for the rights to all of his recorded music for a price point between $150 and $200 million.

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