Justin Timberlake sells entire music catalog – Timberlake has sold the rights to his music catalog to the company Hipgnosis Song Management. How much money the artist has received for this is not known. According to The Wall Street Journal, the catalog was estimated at around 100 million euros prior to the deal.
The catalog consists of about two hundred songs that Timberlake has written during his career; not only for themselves, but also for other artists.
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“I am happy to enter into this collaboration. The owner of Hipgnosis is someone who appreciates artists and has always been committed to songwriters,” says the ten-time Grammy winner. “I fit right into that idea and look forward to starting the next chapter in my life.”
Selling a music catalog is currently quite popular among artists, although at the age of 41 Timberlake is a lot younger than his selling colleagues.
Bruce Springsteen, Tina Turner, Bob Dylan, Sting and Stevie Nicks also sold their catalogue, mainly to secure the future of their children and grandchildren.
Justin Timberlake sells entire music catalog
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