Justin Timberlake Put on your best Tie and suit for this deal!
On May 26, it was announced that the singer, 41, has sold his entire song catalog—which includes Billboard chart-topping hits like “Cry Me A River,” “Rock Your Body,” “Not A Bad Thing” and “Señorita”—to Hipgnosis Song Management. It is believed that the agreement will be worth at least $100 million. The Wall Street Journal.
“I’m excited to partner with you.” [Hipgnosis founder and CEO Merck Mercuriadis]Justin made the statement. He values creativity and artists, and has been an avid supporter of storytelling and songwriters. “I look forward to the next chapter.”
In addition to his entire music catalog, Hipgnosis will also own Justin’s copyright, ownership and the financial interests of the writer and publisher’s share of the star’s public performance income going forward.
With his sale, the singer—who recently starred opposite his wife Jessica BielHulu’s series Candy—joins a growing list of prominent musicians that have sold their catalogs within the last year.