Justin Timberlake Banks Reported $100M For Selling His Entire Music Catalog

Written by on May 27, 2022

Justin Timberlake is barely starting to embark on his 40s, however from the sounds of his newest enterprise deal, the Tenessee native is able to transfer on from his previous in music and step into a brand new chapter of his profession. As PEOPLE studies, it was revealed on Thursday, Could 26th that Timberlake has made the choice to half together with his total catalog.

The Social Community actor has been working with Hipgnosis Tune Administration (backed by private-equity agency Blackstone) to come back to an settlement together with “copyrights of roughly 200 songs that Timberlake wrote or co-wrote,” together with hits like “SexyBack,” “Cannot Cease the Feeling,” and “Mirrors.”

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At the moment, the official financials stay unknown, nevertheless it’s been estimated that the deal is value simply over $100 million, in accordance with sources acquainted with the matter.

Justin Timberlake just isn’t solely probably the most influential artists of the final 20 years however he is additionally one of many best songwriters of all time,” founder and CEO of Hipgnosis Tune Administration Merck Mercuriadis stated in a press launch. “His hit songs together with ‘Cry Me A River,’ ‘Rock Your Physique,’ ‘SexyBack,’ ‘My Love,’ ‘What Goes Round… Comes Round,’ ‘Swimsuit & Tie,’ ‘Mirrors’ and ‘Cannot Cease The Feeling’ are amongst probably the most iconic of the interval.”

He went on to name working with Timberlake on the deal “a labour of affection,” including, “I am delighted to welcome all of them to the Hipgnosis Household. That is the start of what we consider can be an unimaginable relationship necessary to us all.”

The FutureSex/LoveSounds artist additionally shared an announcement, revealing that he is wanting ahead to “coming into this subsequent chapter” of his profession.

“I’m excited to be partnering with Merck and Hipgnosis,” the previous boyband member stated. “[Mercuriadis] values artists and their inventive work and has at all times been a powerful supporter of songwriters and storytelling.”

As PEOPLE notes, different stars to promote their very own music catalogs in recent times embody Bob Dylan, Sting, and Bruce Springsteen. Are you stunned by Justin Timberlake’s choice? Hold forth within the feedback beneath, and faucet again in with HNHH later for extra music information updates.


Supply: HotNewHipHop

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