Pop sensation Justin Bieber has made history, selling his entire music catalog for an estimated $200 million.
The deal, which was brokered by music rights company Hipgnosis Songs Fund, includes Bieber’s publishing and recording rights. The catalog includes hits such as “Baby,” “Sorry,” and “What Do You Mean?”
The agreement is the largest of its kind and is expected to have a significant impact on the music industry.
“This is an extraordinary moment in music history,” said Merck Mercuriadis, founder of Hipgnosis. “The fact that an artist of Justin’s caliber puts his trust in us to protect and grow the value of his songs is a huge statement of intent.”
Bieber, who rose to fame in 2009, has become one of the most successful artists of the decade. He has sold over 150 million records worldwide and has won numerous awards, including four Grammy Awards.
The news of Bieber’s sale has been met with excitement from fans and industry insiders alike.
“This is a huge moment for Justin Bieber and for music,” said one fan. “It’s amazing to see how far he has come and how much he has achieved.”
The deal is expected to be finalized in the coming weeks.