Photo: Entertainment Weekly
Justin Timberlake has sold his music catalog for an impressive sum. The award-winning musician struck a deal with Hipgnosis Song Management that involves copyrights to around 200 songs that Timberlake wrote and co-wrote, such as massive hits “SexyBack” or “Can’t Stop the Feeling.”
The Wall Street Journal estimated that Timberlake’s catalog price range was over $100 million.
Founded by former musician Mercuriadis, Hipgnosis – backed by Blackstone – has already obtained deals from some amazing artists such as Neil Young, Lindsay Buckingham, and Red Hot Chili Peppers.
“I am excited to be partnering with [Hipgnosis’s CEO and founder] Merck [Mercuriadis] and Hipgnosis – he values artists and their creative work and has always been a strong supporter of songwriters and storytelling,” said Timberlake. “I look forward to entering this next chapter.”
Mercuriadis also added, “Putting this deal together has been a complete labor of love. I’m delighted to welcome them all to the Hipgnosis Family. This is the beginning of what we believe will be an incredible relationship important to us all.”
Timberlake rose to fame during his time in a boy band named NSYNC. When Timberlake left NSYNC, he went on to create five studio albums and 40 singles.
The singer is among countless artists who have sold their song catalogs, including Bruno Mars and Ryan Tedder and music veterans Bob Dylan and Bruce Springsteen.
“Justin’s incredible catalogue will join other amazing works at Hipgnosis, which we know will serve as a great steward of his work,” Mercuriadis stated. “We look forward to a great partnership between Justin and Hipgnosis.”
When asked for comments about the matter, representatives for Timberlake did not issue a reply.
