Justin Bieber has sold 100 percent of his back catalog to the British investment firm Hipgnosis Songs Fund. Hipgnosis purchased the publishing rights, master recordings, and neighboring rights to all of Bieber’s previously released music for a sum of more than $200 million, sources told Variety and Billboard. Per these reports, it’s the largest music-rights acquisition in the company’s portfolio, which also includes full or partial rights to the catalogs of 50 Cent, Blondie, Jack Antonoff, Jimmy Iovine, Justin Timberlake, Leonard Cohen, Neil Young, Red Hot Chili Peppers, RZA, Shakira, Skrillex, Timbaland, and Tom DeLonge, among others.
In June, Justin Bieber announced he had been diagnosed with a rare neurological disorder called Ramsay Hunt Syndrome and postponed the remainder of his Justice tour. He went back on the road a month later, but cut his late-summer South American run short in September, citing exhaustion.