According to Billboard, Bieber, 28, closed a deal with Hipgnosis Songs Capital for more than $200 million. The deal covers 100% of Bieber’s publishing rights and his artist royalties from his master recordings and neighboring rights, the music news website reported.
Bieber’s back catalog contains more than 290 titles released before Dec. 31, 2021, Variety reported. According to the entertainment news website, Bieber’s songs will still be administered by Universal Music and his master recordings will be owned by the company “in perpetuity.”
Hipgnosis will now control Bieber’s biggest hits, including “Baby,” “Love Yourself,” “What Do You Mean,” and “Sorry,” Rolling Stone reported. The deal also include’s Bieber’s most recent album, 2021′s “Justice,” according to Billboard.
Bieber has sold more than 150 million records, according to the website.
The singer joins other contemporary singers who have sold their catalogs, including Justin Timberlake -- who also sold his music to Hipgnosis -- and Ryan Tedder, Rolling Stone reported. Older musicians have also sold the rights to their music, including Bob Dylan and Bruce Springsteen.
Last year, Leonard Cohen, Nile Rodgers, Kenny Chesney, Neil Young and Nelly Furtado all sold some of their rights to Hipgnosis, according to Billboard. Hipgnosis acquired Shakira’s catalog in 2018, The Associated Press reported.
“The impact of Justin Bieber on global culture over the last 14 years has truly been remarkable,” Merck Mercuriadis, founder and CEO of Hipgnosis Song Management, said in a statement. “This acquisition ranks among the biggest deals ever made for an artist under the age of 70. Such is the power of this incredible catalog that has almost 82 million monthly listeners and over 30 billion streams on Spotify alone.”
The news comes several weeks after he postponed the remaining dates of his “Justice” tour, Variety reported. The tour was supposed to begin in 2020 but was postponed due to the COVID-19 pandemic. It was postponed again after Bieber announced he had Ramsay Hunt syndrome, a virus that caused facial paralysis, according to the website.
“Justin is truly a once-in-a-generation artist and that is reflected and acknowledged by the magnitude of this deal,” Scooter Braun, Bieber’s longtime manager, said in a statement. “For 15 years I have been grateful to witness this journey and today I am happy for all those involved. Justin’s greatness is just beginning.”
Photos: Justin Bieber through the years 2009: Musician Justin Bieber visits the Nintendo World Store on September 1, 2009, in New York City. (Bryan Bedder/Getty Images)
Photos: Justin Bieber through the years 2009: Usher and Justin Bieber perform onstage during Z100's Jingle Ball 2009 at Madison Square Garden on December 11, 2009, in New York City. (Bryan Bedder/Getty Images)
Photos: Justin Bieber through the years 2010: Singer Justin Bieber poses in the press room with his award for Best New Artist during the MTV Video Music Awards at NOKIA Theatre L.A. LIVE on September 12, 2010, in Los Angeles. (Frederick M. Brown/Getty Images)
Photos: Justin Bieber through the years 2011: Singer Justin Bieber accepts the Do Something Music Artist award onstage during the 2011 VH1 Do Something Awards at the Hollywood Palladium on August 14, 2011, in Hollywood, California. (Kevin Winter/Getty Images)
Photos: Justin Bieber through the years 2012: Justin Bieber poses as he arrives at NRJ Music Awards 2012 at Palais des Festivals on January 28, 2012, in Cannes, France. (Pascal Le Segretain/Getty Images)
Photos: Justin Bieber through the years 2013: Singer/producer Justin Bieber (left) and mother Pattie Mallette attend the premiere of Open Road Films' "Justin Bieber's Believe" at Regal Cinemas L.A. Live on December 18, 2013, in Los Angeles. (Jason Kempin/Getty Images)
Photos: Justin Bieber through the years 2014: In this handout photo provided by Miami-Dade Police Department, pop star Justin Bieber poses for a booking photo at the Miami-Dade Police Department on January 23, 2014, in Miami, Florida. Justin Bieber was charged with drunken driving, resisting arrest and driving without a valid license after Miami Beach Police said the pop star was street racing. (Miami-Dade Police Department via Getty Images)
Photos: Justin Bieber through the years 2015: Justin Bieber attends the "China: Through the Looking Glass" Costume Institute Benefit Gala at the Metropolitan Museum of Art on May 4, 2015, in New York City. (Larry Busacca/Getty Images)
Photos: Justin Bieber through the years 2016: Justin Bieber performs during the 2016 Purpose World Tour at Staples Center on March 20, 2016, in Los Angeles. (Christopher Polk/Getty Images)
Photos: Justin Bieber through the years 2017: Musician Justin Bieber reacts during the 2017 NHL All-Star Celebrity Shootout as part of the 2017 NHL All-Star Weekend at STAPLES Center on January 28, 2017, in Los Angeles. (Leon Bennett/Getty Images)
Photos: Justin Bieber through the years 2018: Canadian singer and songwriter Justin Bieber plays during the 2018 NBA All-Star Game Celebrity Game at Los Angeles Convention Center on February 16, 2018, in Los Angeles. (Jayne Kamin-Oncea/Getty Images)
Photos: Justin Bieber through the years 2019: Justin Bieber and wife Hailey Rhode Bieber watch Game Seven of the Eastern Conference First Round during the 2019 NHL Stanley Cup Playoffs between the Boston Bruins and the Toronto Maple Leafs at TD Garden on April 23, 2019, in Boston. (Omar Rawlings/Getty Images)
Photos: Justin Bieber through the years 2020: Justin Bieber and Hailey Bieber attend the premiere of YouTube Originals' "Justin Bieber: Seasons" at Regency Bruin Theatre on January 27, 2020, in Los Angeles. (Jon Kopaloff/Getty Images)
Photos: Justin Bieber through the years 2021: Justin Bieber and Hailey Bieber attend the 2021 Met Gala Celebrating In America: A Lexicon of Fashion at the Metropolitan Museum of Art on September 13, 2021, in New York City. (Dimitrios Kambouris/Getty Images for The Met Museum/Vogue)
Photos: Justin Bieber through the years 2022: Justin Bieber and Hailey Bieber attend the 64th annual GRAMMY Awards at MGM Grand Garden Arena on April 3, 2022, in Las Vegas. (Frazer Harrison/Getty Images for The Recording Academy)