Justin Bieber Reportedly Nears , $200 Million Deal to Sell His Music Rights.<br />'Variety' reports that sources have confirmed Bieber is close to finalizing a deal with Hipgnosis Songs Capital.<br />The $200 million deal will include the 28-year-old's publishing and music catalog shares, which will still be administered and owned by Universal.<br />The $200 million deal will include the 28-year-old's publishing and music catalog shares, which will still be administered and owned by Universal.<br />The news comes as Bieber's "Justice" tour <br />has been postponed several times.<br />Bieber's catalog contains less songs than artists such as Genesis or Phil Collins, <br />who also sold their music rights this year.<br />Bieber's catalog contains less songs than artists such as Genesis or Phil Collins, <br />who also sold their music rights this year.<br />Bieber's catalog contains less songs than artists such as Genesis or Phil Collins, <br />who also sold their music rights this year.<br />But companies such as Hipgnosis are capitalizing on acquiring newer catalogs, .<br />including Justin Timberlake's, which it snagged for over $100 million earlier this year. .<br />including Justin Timberlake's, which it snagged for over $100 million earlier this year. .<br />Hipgnosis also owns the rights to <br />Leonard Cohen's music catalog.<br />'Variety' reports that the song catalog market peaked in 2020 and 2021 when Bob Dylan and Bruce Springsteen sold their catalogs for over $250 million and $500 million, respectively.<br />'Variety' reports that the song catalog market peaked in 2020 and 2021 when Bob Dylan and Bruce Springsteen sold their catalogs for over $250 million and $500 million, respectively
