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Justin Bieber sells music rights for $200 million

03:27 PM | 25 Jan, 2023
Justin Bieber sells music rights for $200 million
Source: Instagram

Pop star Justin Bieber has sold his music publishing and recording catalogue shares to the company Hipgnosis Songs Capital, which is backed by Blackstone, reportedly for a $200 million.

This deal marks the latest in a series of recent major rights deals in the industry and sees Bieber join a list of other artists such as Justin Timberlake and Shakira who have also sold stakes in their work, mostly seen among legacy artists like Bob Dylan and Bruce Springsteen.

The acquisition of Bieber's publishing copyrights to his 290-song back catalogue, including his writer's share, artist rights to his master recordings, and neighbouring rights royalties, will be administered by his longtime label Universal, and Hipgnosis will receive the revenues.

The 28-year-old pop sensation, discovered on YouTube as a teenager, has made a significant impact on the music industry, selling over 150 million records and charting 8 number-one albums on Billboard's top albums list.

His tracks have been streamed on Spotify alone more than 32 billion times, cementing his status as one of the best-selling artists of all time. The recent sale of his music publishing and recording catalog shares to Hipgnosis Songs Capital, a $1 billion venture between Blackstone and the British Hipgnosis Song Management, for a reported $200 million, is a testament to his enduring popularity and commercial success.

Daily Pakistan Global Web Desk

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Today Open Market Currency Rates in Pakistan - Pakistani Rupee to US Dollar, Euro, Pound, Riyal - 16 June 2024

Pakistani rupee rates against US Dollar and other currencies on June 16, 2024 (Sunday) in open market.

USD to PKR Rate Today

US dollar was being quoted at 277.5 for buying and 280.65 for selling.

Euro's buying rate stands at 296 and selling rate is 299 while British Pound rate is 349.7 for buying, and 353.25 for selling.

UAE Dirham AED was at 74.80 and Saudi Riyal at 72.80.

Currency Rates in Pakistan

Currency Symbol Buying Selling
US Dollar USD 277.50 280.65
Euro EUR 296 299
UK Pound Sterling GBP 349.7 353.25
U.A.E Dirham AED 74.8 75.6
Saudi Riyal SAR 72.8 73.55
Australian Dollar AUD 182 184
Bahrain Dinar BHD 741.18 749.18
Canadian Dollar CAD 204 206
China Yuan CNY 38.43 38.83
Danish Krone DKK 40.18 40.58
Hong Kong Dollar HKD 35.66 36.01
Indian Rupee INR 3.33 3.44
Japanese Yen JPY 1.9 1.98
Kuwaiti Dinar KWD 909.34 909.34
Malaysian Ringgit MYR 59.3 59.9
New Zealand Dollar NZD 170.79 172.79
Norwegians Krone NOK 25.97 26.27
Omani Riyal OMR 723.88 731.88
Qatari Riyal QAR 76.42 77.12
Singapore Dollar SGD 203.65 205.65
Swedish Korona SEK 26.4 26.7
Swiss Franc CHF 311.9 314.4
Thai Bhat THB 7.58 7.73

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