Music Justin Timberlake sold the rights to his songs for $ 100 million

The old production of famous artists has been briskly bought recently.

Pop star Justin Timberlake has sold the rights to the songs he has written to the British company Hipgnosis Song Management. The transaction amount is The Guardian just over $ 100 million, or just over € 93 million.

In addition to Timberlake’s solo production, the deal includes his stakes in the songs of the boy band N’Sync.

Timberlake’s solo records have sold 88 million and N’Sync’s 70 million records. His solo songs have received nearly 1.3 billion listens on Spotify.

Hypgnosis has recently acquired a wealth of rights to the production of well-known and successful artists. Earlier this year, the company bought the deceased Leonard Cohenin song rights and 80 percent country star Kenny Chesney production.

Last year, Hypgnosis bought, among other things, half Neil Youngin production rights as well as the rights to the Red Hot Chili Peppers songs in their entirety.

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Originally a manager Merck Mercuriadisin and a hit producer Nile Rodgersin Hipgnosis, recently founded, recently received $ 1 billion in funding from U.S. investment firm Blackstone. At the same time, Blackstone became one of the owners of Hipgnosis.

The value of the pieces acquired by Hipgnosis last fall was $ 2.2 billion, or just over two billion euros.

The famous the copyrights of the artists ’production have been made great shops in recent years, more than usual anyway.

Investors and growth companies have found that there is enough demand for early music, and artists and songwriters are attracted to a good price, especially if their active careers are already coming to an end.

At its best, the artist has been able to get as much money from the copyright trade at one time as would accrue from royalties for more than 20 years.

For its part, trading was also boosted by the corona pandemic, which has prevented artists from making lucrative tours as usual.

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