Justin Timberlake turned over his music catalog to Hipgnosis Song Management
Justin Timberlake sell your music catalog to Hipgnosis Song Managementwith a partnership of funds supported by the Blackstone Inc. The value of the deal is unknown, but it could pass the 100 million dollar mark, according to the The Guardian.
THE hypognosis now owns 100% of the copyright of Timberlake about the musical compositions he wrote, which include hits like “SexyBack”, “Rock Your Body”, “Suit and Tie” and “Can’t Stop the Feeling”. The sale refers only to songs that the singer wrote or co-wrote, which leaves Timberlake with the recording or reproduction rights of their productions.
Timberlake is a multi-talented artist—singer, songwriter, musician, actor, voice actor, record producer, dancer, multi-instrumentalist, and entrepreneur—and considered one of the best-selling people in pop music history, first as a member of the boybandN’Sync and then as a solo artist.
“I am excited to partner with [CEO e fundador da Hipgnosis] Merck [Mercuriadis] and hypognosis — he values artists and their creative work and has always been a strong advocate of songwriting and storytelling,” said Timberlake in a statement. “I’m looking forward to getting into this next chapter.
Timberlake follows in the footsteps of colleagues such as Bruno Mars, Shakira, Neil Young, Bob Dylan and Motley Crüewho have also sold their music catalogs in recent years.
The trend has been popular with older artists who have left their musical legacies in the hands of music companies while receiving huge sums of money for themselves and their families.
While artists receive immediate payment, buyers like hypognosis benefit from the passive income of genuine success to cash in on royalties from artists ranging from Barry Manilow to Beyoncé.
“The musical collection of Justin Timberlake will join other incredible works by Hipgnosis, which we know will serve as a great guardian of their work,” said Merckmercuriadis in a statement. “We look forward to a great partnership between Justin and Hipgnosis.”
Source: Rollingstone
Camila Luna is a writer at Gossipify, where she covers the latest movies and television series. With a passion for all things entertainment, Camila brings her unique perspective to her writing and offers readers an inside look at the industry. Camila is a graduate from the University of California, Los Angeles (UCLA) with a degree in English and is also a avid movie watcher.
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