Justin Bieber closes the millionaire agreement with the former entrepreneur

The controversy involved the canceled tour and the millionaire debt with AEG

Justin Bieber has returned to the spotlight not only for the release of his new album, but also for the resolution of a long legal dispute with his former businessman, Scooter Braun. According to information issued by the website TMZThe Canadian and Braun singer arrived at a millionaire agreement after months of negotiations that involved debts regarding the “Justice” canceled tour.

The center of the conflict revolved around an advance of $ 40 million, paid by the AEG company to finance the tour, which was eventually canceled at the beginning of the project. At the moment, the Hybe AmericaSo led by the Braun scooter, he debt with the debt with the commitment that Justin Bieber would have recited for over ten years. However, the artist would only pay the first episode of the value.

With renegotiation, Bieber will now pay the $ 26 million remainingthus ending one of the most tense chapters of his recent professional career. In addition, the agreement provides that Scooter Braun receives half of the others 11 million US dollars In the delayed committees, which would have been accumulated over the years of partnership.

Justin Bieber and Scooter Braun worked together for over 13 years since the businessman discovered the singer on YouTube when he was 13 years old. The partnership has been responsible for the Bieber catapulsal of the global star, with exhausted, records in the musical charts and an extremely involved fans.

Despite the numerous successes, the last few years have been marked by disagreements and tensions behind the scenes. The situation worsened after the release of the documentary “Tmz investigates: what happened to Justin Bieber”which highlighted a financial investigation from PWC (PRICEWATERHOUSCOUSCOPERS), revealing possible failures in the administration of the singer’s resources.

Justin Bieber: Scooter Braun comments on professional separation with maturity

The Braun scooter, who has transferred his career as a musical entrepreneur in the last two years, has positively commented on the separation during the “diary of a CEO” podcast. “We worked together for so long and we had an extreme success. I think there is a time when the artist wants to demonstrate that he can walk alone – and respect him,” he said.

Braun also highlighted his pride for the results of his former customers. “See Justin go on, Ariana shines with WeddingTori Kelly grow – Everyone doing great things alone is rewarding. “

With the closed financial agreement, Justin Bieber remains concentrated on his musical career and personal projects, including the release of his new album SwagAs the key revolves for a new phase more independent of its artistic trajectory.

Source: Terra

Earl

Earl Johnson is a music writer at Gossipify, known for his in-depth analysis and unique perspective on the industry. A graduate of USC with a degree in Music, he brings years of experience and passion to his writing. He covers the latest releases and trends, always on the lookout for the next big thing in music.