• Music Royalties Inc.

Justin Timberlake Sells the Rights to His Song Catalog in $100 Million Deal

Source: https://www.bloomberg.com/news/articles/2022-05-26/justin-timberlake-sells-back-catalog-to-blackstone-backed-fund


By Shelley Robinson

May 26, 2022, 9:56 AM EDT

Justin Timberlake Photographer: Christopher Polk/Getty Images


Justin Timberlake sold the rights to his song catalog to Blackstone Inc.-backed Hipgnosis Song Management, Dow Jones reported, citing fund executives.


The deal was valued at just above $100 million, Dow Jones reported, citing people familiar with matter. It gives Hipgnosis full ownership and control over the pop star’s interest in some 200 songs he wrote or co-wrote spanning his career.


Blackstone formed a partnership with Hipgnosis in October and committed an initial $1 billion to launch a private vehicle called Hipgnosis Songs Capital, created to acquire music rights and manage catalogs, according to the report. The New York-based private equity firm, which manages about $900 billion in assets, also took a stake in Hipgnosis.


The Blackstone-backed fund is separate from Hipgnosis Songs Fund Ltd., which trades on the London Stock Exchange and has purchased more than $2 billion of music rights, Dow Jones said in its report.

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