Justin Bieber’s alleged reason for selling the Catalog of $ 200 million

Justin BibiPThe sale of a $ 200 million music catalog was not just a energy step; Perhaps the financial lifeline, according to a new documentary.

In 2022, those close to Justin Bieber said that he was swinging on the edge of the “financial collapse”, which prompted him to sell his music rights to the Hype Jenmoz investment company, making him the first artist of his generation to close a deal of this size.

After months of welcoming the child with the wife Haley, it is said that Bieber is planning for a musical return in 2025. The families say he is keen to return to the theater, not only for the lights, but because it “needs money.”

Hulu Special, “TMZ: What happened to Justin Bieber?” , Explores the financial issues of the singer, mental health conflicts, marriage to Healy, and the relationship with his church. While many artists have increased their indexes, the sources say that urgent financial concerns prompted Bieber’s decision.

according to TMZScotter Braun, the director of the pop star, has advised him to stop until January 2023 to take advantage of a tax break. But Bieber does not want to wait and closed the deal in December 2022 instead.

The documentary is now on Hulu and includes new details about the factors that exceed the scenes that formed one of the most music deals that have spoken in recent years.

Bieber occupied the headlines in 2023 when he sold the rights of the entire music catalog in a deal worth about $ 200 million. The explosion She mentioned that the agreement with HipGnosis covered Capital 100 % of Bieber music assets, and royalties from “major recordings and neighboring rights”.

The deal included everything released before December 2021, from early visits such as “Baby” to his latest album at that time, “Justuice”.

The pillars confirmed the sale, describing it as the largest acquisition of the rights they have achieved so far. It was also the largest sale of a catalog ever by a contemporary artist for Bieber, with a total of 290 songs.

Before the sale was closed, the director shared the details about the agreement, with all the six Bieber Studio albums, as well as Remixes and Singles, as part of the package.

Selling the catalog of the music of $ 31 million was not only the most of its kind; It also broke industry forecasts.

At the time of sale, experts considered catalogs the latest as the most dangerous Bieber investments. Unlike music dating back with the installed survival force, modern versions are usually sold less because of their shortest record.

But the Bieber deal challenged this trend. Although only 28 years old at the time, he built a strong catalog enough to order a record price.

The CEO of HipGnosis Merck Mercuriadis, who supervised the deal, called on the impact of Bieber over the past 14 years, “really great”. In a statement, Bieber caused help in reshaping music works in the digital age, saying:

“At the age of 28 years, he is one of a handful of artists who are crossed in the era of broadcasting that reinforced the entire music industry, as he took a loyal and global audience with him on a journey from a teenage phenomenon to an important cultural artist.”

According to what Bieber is looking to restart his musical career this year, but the motivation may have a relationship with bills more than rhythms.

The explosion She mentioned that one father was still dealing with the repercussions of canceling his tour in 2022, when sources said that he owed a large amount of AEG music party promoter and had other distinguished expenses linked to his lifestyle as a Globe star.

After returning from the spotlight to focus on his health, Bieber looks ready to return. In the entertainment industry expectations, the Puck News’ Matthew Biloni told Bieber “needs money and want to work.”

In addition, prominent lawyer Bieber brought Michael Rhodes, known as stars such as Madonna and Cardashians.