Justin Bieber sells music rights for $200m

Justin Bieber sells music catalogue

Young pop icon Justin Bieber has sold his shares of his music publishing and recording catalog.

Bieber sold his rights to the Blackstone-backed Hipgnosis Songs Capital, Hipgnosis said Tuesday.

The sale — which reportedly is valued at more than $200 million — has been rumored for weeks.

The 28-year-old has now joined a who’s who of artistes, including Bruce Springsteen and Bob Dylan, who have cashed out recently on their catalogs.

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