Big Law
Justin Timberlake Sells Rights to His Songs in a Deal Valued at $100 Million
Buy, buy, buy.
Pop superstar Justin Timberlake, who got his start in the boy band NSYNC, has sold the rights to his song catalog to Hipgnosis Song Management, the British firm announced Thursday.
The deal was completed on behalf of Hipgnosis’ partnership with private equity firm Blackstone, 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 agreement does not cover future releases from Timberlake.
The superstar said he is “excited” about the partnership. “I look forward to entering this next chapter,” he said in a release.
