Hipgnosis Song Management acquired Justin Timberlake’s music catalog.
Financial details of the deal were not disclosed. Hipgnosis, Notting Hill, a London-based company founded in 2018 by former music manager Mercury Mercury, called Timberlake “an American singer, songwriter, record producer and actor who is one of the most influential artists of the last 20 years”. best male solo artist in Top 40/Modern Hit Radio history.
Hipgnosis said Friday it has purchased 100 percent of Justin Timberlake’s copyright, ownership and financial interest in the writer-publisher’s public performances and a catalog of musical compositions written by Justin Timberlake. Also for sale is “Worldwide management rights to compositions for the remainder of the universal music management rights, expiring in 2025”.
“I’m happy to partner with Merck and Hipgnosis – he appreciates artists and their creative work and has always been a strong advocate for songwriters and storytellers,” said Timberlake. “I hope to get into this chapter later.”
Hipgnosis buys catalogs of music publications or bets on them, which has been the area of many businesses in the music space. The company’s activities included transactions, including a 50% stake in Neil Young’s catalog, as well as hits performed by Rihanna and Shakira, among others.
Hypgnosis CEO Mercuriadis said: “Justin Timberlake is not only one of the most influential artists of the last 20 years, he is also the author of one of the greatest songs of all time. His hits include “Cry Me A River”, “Rock Your Body”, “SexyBack”, “My Love”, “What Goes Around”. . . Comes Around, “Suit & Tie”, “Mirrors” and “Can’t Stop the Feeling” are among the most cult titles of this period. Making this deal was a complete labor of love. ”
Worldwide sales of Timberlake’s music currently exceed 150 million, including 88 million as a solo artist and 70 million with NSYNC, Hipgnosis said. The acquisition was made on behalf of Hipgnosis Songs Capital, a partnership between funds managed by Hipgnosis Song Management and a private equity firm, Blackstone.
Timberlake is represented by managers Rick Jorn, Josh Dumbling of LBI Entertainment and Johnny Wright of Wright Entertainment Group, as well as attorneys David Lande and Mitch Tenzer of Ziffren Brittenham LLP.
Source: Hollywood Reporter
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.
