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Universal Music Group (UMG), the world’s largest music company, has withdrawn its catalog from TikTok, the leading platform for music promotion...
Read morePhoto Source: Rolling Stone
The Canadian pop star sells his share of rights to his music to Hipnosis Songs Capital for just over $200 million. He has sold some of his biggest hit songs, such as Baby and Sorry, to the company. Every time that one of Justin's songs is streamed, played on the radio, and used in a television show and film, the company will receive a payment.
Hipnosis Songs Capital has acquired Justin's original master recordings of his song. This includes his songs that were released before the end of 2021. At 28, Justin Beiber has been one of the most remarkable defining artists. He has made significant, notable global impacts in the past decade and a half.
Justin sold his rights for financial reasons. The deal between the two parties has given Hipnosis 100% rights to his publishing and royalties. The agreement is known to be the biggest deal to have been made for an artist that is in Justin's generation. The company owns all production published before 2022, including his album Justice.