WATCH: The Wall Street Journal reported that singer Justin Bieber is in talks with Blackstone-backed Hipgnosis Songs Capital to sell his music rights for about $200 million
The potential deal includes the Canadian artist's interest in both his publishing and recorded music catalog, according to the report.
Hipgnosis buys song catalogs from artists and earns revenue when their music is streamed online or used in movies or advertising.Singer Justin Bieber poses at the premiere for the documentary television series "Justin Bieber: Seasons" in Los Angeles, California, U.S., January 27, 2020. REUTERS/Mario AnzuoniBieber rose to fame when he was 13 years old following the success of his song "Baby".
in June that he was diagnosed with Ramsay Hunt Syndrome, which left half of his face paralyzed, forcing him to cancel his performances., including hits such as "Cry Me A River" and "Rock Your Body", to Hipgnosis Song Management in May.a partnership in October to invest about $1 billion to acquire music rights and manage catalogs.
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