2022 – Justin Timberlake sells just over $100 million in song catalog | Justin Timberlake

Justin Timberlake has sold his song catalog to Hipgnosis Song Management and a fund backed by private equity firm Blackstone, in a deal worth just over $100m (£75.5m).

Hipgnosis offers investors the opportunity to monetize revenue from folk songs by artists from Barry Manilow to Beyoncé. It partnered with Blackstone last year to launch a special vehicle called Hipgnosis Songs Capital. With initial funding of $1 billion from Blackstone, it was formed to acquire music rights and manage catalogs. The private equity firm also acquired a stake in Hipgnosis.

The deal with Timberlake Hipgnosis Songs Capital gives full control and ownership of his share of the 200 songs he wrote or co-wrote during his career with boy band NSync and as a solo artist. He first emerged in 1995 as one of the lead singers for NSync, whose albums have sold 70 million copies worldwide. As a solo artist, he has surpassed those sales with 88 million copies of his albums sold worldwide.

“Justin Timberlake is not only one of the most influential artists of the past 20 years, but also one of the greatest songwriters of all time,” said Merck Mercuriadis, founder and CEO of Hipgnosis. His songs like “Cry Me a River” and “Rock Your Body” And “SexyBack,” “My Love,” “What Goes Around… Comes Around,” “Suit & Tie,” “Mirrors,” and “Can’t Stop the Feeling” are among the most famous of their time.”

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Timberlake said, “I’m excited to partner with Merck and Hipgnosis – he values ​​the artists and their creative work and has always been a strong supporter of songwriting and storytelling.”

It is the third deal to be closed by Hipgnosis Songs Capital so far this year. In March, she purchased Leonard Cohen’s share of the songwriting catalog from the late singer’s estate. In January, the company acquired 80% of the ownership rights to recorded music from singer-songwriter Kenny Chesney.

Hipgnosis Songs Capital is separate from the London Stock Exchange-listed Hipgnosis Songs Fund.