Friday, May 27, 2022

Justin Timberlake Cashes In

Justin Timberlake has officially sold his catalog to Hipgnosis in a reportedly $100 million deal, reports Digital Music News.

41-year-old Justin Timberlake’s multimillion-dollar pact with Blackstone-powered Hipgnosis Song Management just recently came to light. According to The Wall Street Journal, the reportedly $100 million transaction encompasses the entirety of the former NSYNC member’s roughly 200-track catalog.

On this front, Timberlake (who has 26.65 million monthly listeners on Spotify) has co-written hits such as 2002’s “Rock Your Body,” 2006’s “SexyBack” and “What Goes Around… Comes Around,” and 2016’s “Can’t Stop the Feeling!,” to name a few.

Besides the five studio albums that the 10-time Grammy winner (and 39-time nominee) has released as a solo act, Timberlake has appeared on and co-penned well-known tracks like 50 Cent’s “Ayo Technology” (2007), Madonna’s “4 Minutes” (2008), and Meek Mill’s “Believe” (2020), among an array of others as well as some prominent NSYNC efforts.

Although today’s reportedly $100 million price tag has been covered by the approximately $1 billion that Blackstone put up to purchase song rights back in October of 2021, the investment demonstrates that capital is continuing to reach the previously red-hot catalog space despite signs of a cooldown.

Meanwhile, Warner Music Group and KKR-backed BMG are reportedly vying to acquire Pink Floyd’s catalog for a cool $500 million.

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