Recording artist Justin Timberlake performs on stage during the Pepsi Super Bowl LII Halftime Show at US Bank Stadium on February 4, 2018 in Minneapolis, Minnesota.
Christopher Polk | Getty Images
Buy, buy, buy.
Pop superstar Justin Timberlake, who started in the boy band NSYNC, has sold the rights to his song catalog to Hipgnosis Song Management, the British firm announced on Thursday.
The deal was completed on behalf of the Hypgnosis partnership with Blackstone private equity firm Hipgnosis Songs Capital. It is said to be valued at more than $ 100 million. The Wall Street Journal, which first reported the news, added that the deal does not cover future releases of Timberlake.
The superstar said she is “excited” about the partnership. “I look forward to entering this next chapter,” he said in a statement.
Timberlake’s hits include “Cry Me a River”, “SexyBack”, “Can’t Stop the Feeling” and NSYNC songs like “Bye Bye Bye”.
Timberlake, 41, is the latest music star to sell the rights to his songs for a large sum of money.
In December, Bruce Springsteen sold his catalog to Sony for $ 550 million. One month later, in January of this year, Bob Dylan also sold his recorded music catalog to Sony. This came after Dylan sold his song catalog to Universal Music Publishing Group in December 2020. Tina Turner sold her catalog for about $ 50 million to BMG in October.