Justin Timberlake has joined the ranks of Shakira and Will Young by selling his entire music catalogue to Hipgnosis Song Management. Justin Timberlake has signed a contract for his publishing rights with the Hipgnosis group.
“I am excited to be partnering with (Hipgnosis founder and chief executive Merck Mercuriadis),” said Justin in a statement.
“He values artists and their creative work and has always been a strong supporter of songwriters and storytelling. I look forward to entering this next chapter,” the 41-year-old old said.
According to Wall Street Journal, the deal between Timberlake and Hipgnosis Song Management is believed to be worth $100 million.
The management company will now own the copyrights and will share the income from the singer’s public performances in the future.
“Justin’s incredible catalogue will join other amazing works at Hipgnosis, which we know will serve as a great steward of his work. We look forward to a great partnership between Justin and Hipgnosis,” Merck said.
Earlier this year, famous singers Shakira and Will Young sold portions of their music catalogues to Hipgnosis.