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Justin Bieber Is Reportedly Selling The Rights To His Music For $200 Million

Justin Bieber has a lot going on. The “Peaches” singer just called out H&M for copyright infringement over an unauthorized merch collection; he’s also amongst The Weeknd, Snoop Dogg, Post Malone, and more celebrities serving as defendants in the lawsuit against Bored Ape Yacht Club’s NFT creators.

Luckily, it looks like the most recent news is exciting. The star is reportedly approaching a deal to sell his music rights to Blackstone-backed Hipgnosis Songs Capital for about $200 million, according to sources who told Variety.

Justin Timberlake sold his entire catalog to Hipgnosis in May.

This follows the postponement of Bieber’s Justice World Tour this year. In June, he revealed his Ramsay Hunt syndrome diagnosis, which causes partial facial paralysis. He resumed his tour in Europe and performed six shows from July 31 to August 12, but he announced another postponement following his record-breaking set at Rock In Rio in Rio de Janeiro, Brazil on September 4.

“After resting and consulting with my doctors, family and team, I went to Europe in an effort to continue with the tour. I performed six live shows, but it took a real toll on me. This past weekend I performed at Rock in Rio and I gave everything I have to the people in Brazil,” his statement read in September. “After getting off stage, the exhaustion overtook me and I realized that I need to make my health the priority right now. So I’m going to take a break from touring for the time being. I’m going to be ok, but I need time to rest and get better.”

The tour has been postponed through at least March 25, 2023.