US EditionCanadian Singer Nearly Broke Before $200M Catalog Sale in 2021
- In late 2022, Canadian artist Justin Bieber parted with the rights to his music collection for $200 million amid financial difficulties.
- Reports indicated Bieber faced near financial collapse in 2022 due to debts from canceling his 2022 Justice Tour and large spending habits.
- The agreement, finalized in January 2023 despite Scooter Braun's initial objections, transferred the rights to Bieber’s songwriting and audio catalogues up to the end of 2021, while Universal Music Group continued to hold the masters.
- Bieber owed over $8.8 million to Braun’s company and $24 million to Hybe after canceling the tour, while Braun advised delaying the sale for tax benefits.
- The catalog sale allowed Bieber to alleviate financial pressures, highlighting a broader industry trend of artists monetizing catalogs amid economic uncertainties.
33 Articles
33 Articles
Justin Bieber Was Reportedly On The Verge Of Being Broke Before Selling His Music Catalog For $200M
Justin Bieber wearing a black hat at the Super Bowl A new report claims that Justin Bieber, one of the most successful pop music recording artists this century, was nearly broke and ruined before he sold his music catalog. The report from TMZ claims that Justin Bieber’s agent, Scooter Braun, advised him against selling off his catalog at such a young age and without being able to reap the full tax benefits. This revelation has come to light afte…
Justin Bieber Reportedly Blew Hundreds Of Millions Of Dollars In Recent Years
Justin Bieber has been in the public spotlight in recent months due to him looking a bit unwell and worn down, but no one expected this.According to a new TMZ expose, Bieber had to recently sell his music catalog for $200 million before he blew through anywhere from $500 million to $1 BILLION of his career earnings.The newly released TMZ documentary "What Happened to Justin Bieber?" interviews people close to Bieber who spoke about in detail how…
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