Justin Timberlake One of the world’s most popular singers with hits like Sexy Back, Mirrors and Cry Me a River, is a regular fan favorite despite its release years ago. There is no doubt that Timberlake’s discography is one of the most valuable in the world. music And it looks like Justin was well aware of this as he struck a life time deal. In a recent interview, Timberlake revealed that he sold his entire music catalog for a whopping $100 million price tag. The deal was struck with Hypnosis Song Management, a company that has grown to establish successful songs by culturally significant artists as an asset, as they put it themselves, “into the economic equation of songwriters”. improve the situation.”
While the deal may make some traditional artists uncomfortable, Justin is happy to claim that the CEO of Hypnosis Song Management is a genuine enthusiast and someone who values creative individuals and their work.
What this deal means for the future of Timberlake’s music career is currently hazy; Whether new songs from Justin Timberlake could be expected remains a question, although Timberlake only commented that he was excited to enter this next chapter of his life.
This kind of deal is a new phenomenon in the music world but Justin Timberlake is not the first artist to make it, Shakira and Neil Young both have a similar deal with Hypgnosis Song Management.
Even iconic artists like Bruce Springsteen and Bob Dylan have followed suit as both artists sold their entire legendary catalogs. Bob Dylan’s catalog sold for $200 million, while Bruce Springsteen made $500 million from his songs, and that makes sense.
The deal covers not only the music, but also “advancement of the ownership and financial interests of the author and the publisher’s share in Star’s public performance proceeds.”
More and more artists are getting attracted to deals of this nature and it will be interesting to see how big the price tags get.