Justin Bieber Close to Finalizing Deal to Sell Music Rights for $200 Million

Justin Bieber is joining the growing list of music stars who are selling rights to their music catalogs.

The 28-year-old singer is reportedly close to finalizing a deal to sell his personal stake in both his publishing and recorded music catalog.

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The Wall Street Journal reports that Hipgnosis Songs Capital, which is backed by Blackstone, is working on a deal with Justin for around $200 million.

If the deal goes through, it will be the largest music deal in the company’s history. The deal would cover all six albums released by Justin, as well as his other singles and collaborations.

Earlier this year, Justin Timberlake sold the rights to his catalog to Hipgnosis for $100 million.

Find out why Justin slammed a fashion brand this week.