Photo: Entertainment Weekly
Justin Timberlake has reportedly sold his music catalog for a huge sum. The award-winning musician struck a deal with Hipgnosis Song Management that involves copyrights to around 200 songs that Timberlake wrote and co-wrote, such as massive hits “SexyBack” and “Can’t Stop the Feeling.”
Timberlake’s catalog price ranges over $100 million, as per a projection from The Wall Street Journal.
The company, founded by former musician Mercuriadis, Hypgnosis – funded by Blackstone – has also already obtained deals from singer-songwriters like Neil Young, Lindsay Buckingham, and Red Hot Chili Peppers.
“I am excited to be partnering with [Hipgnosis’s CEO and founder] Merck [Mercuriadis] and Hipgnosis – he values artists and their creative work and has always been a strong supporter of songwriters and storytelling,” said Timberlake. “I look forward to entering this next chapter.”
Mercuriadis also added, “Putting this deal together has been a complete labor of love. I’m delighted to welcome them all to the Hipgnosis Family. This is the beginning of what we believe will be an incredible relationship important to us all.”
Timberlake gained his fame as a member of a famous boy band NSYNC; sometime later in their career, he split with the band and strived for a solo career that has him creating five studio albums and 40 singles.
The 41-year-old singer is among countless artists who have sold their song catalogs, counting Bruno Mars and Ryan Tedder and music veterans Bob Dylan and Bruce Springsteen.
“Justin’s incredible catalogue will join other amazing works at Hipgnosis, which we know will serve as a great steward of his work,” Mercuriadis stated. “We look forward to a great partnership between Justin and Hipgnosis.”
When asked for comments about the matter, representatives for Timberlake did not issue a reply.