Justin Bieber has sold his entire music catalogue to Blackstone-backed Hipgnosis Songs Capital for US$200 million.
The deal includes all of Bieber's publishing and recorded music rights, including his shares of performance and writer's rights, master recordings, and neighbouring rights for his entire repertoire, comprising over 290 titles.
According to Variety, Bieber's songs will continue to be administered by Universal Music, his longtime home.
The acquisition was made on behalf of Hipgnosis Songs Capital, a partnership between Hipgnosis Song Management and funds managed by Blackstone.