Justin Bieber is close to a deal to sell his music rights to Blackstone-backed Hipgnosis Songs Capital in a transaction valued at around $200 million, according to people familiar with the matter
Justin Bieber is close to a deal to sell his music rights to Blackstone Inc. -backed Hipgnosis Songs Capital in a transaction valued at around $200 million, according to people familiar with the matter.
The potential deal includes the pop star’s interest in both his publishing and recorded music catalog, the people say, and comes as such transactions are becoming harder to close, music executives say.
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