It appears like Justin Timberlake won’t be hanging on to his new music catalog “Until the Close of Time.”
Timberlake a short while ago marketed the full songs catalog from his 20-yr profession to London-based mostly business Hipgnosis Music Management, for each a organization announcement Thursday.
The invest in features all copyrights on tracks Timberlake has published or co-written. The deal also encompasses any music the “Suit & Tie” singer launched in affiliation with movies, television, streaming, cover music or performances.
The arrangement, which contains the rights to around 200 tracks, is worthy of $100 million, The Wall Street Journal documented.
The acquisition was produced on behalf of Hipgnosis Tracks Money, a partnership in between Hipgnosis Track Management and funds managed by non-public fairness business Blackstone.
Justin Timberlake a short while ago marketed the legal rights to his tunes. (Photo by Axelle/Bauer-Griffin/FilmMagic) (Picture: Axelle/Bauer-Griffin by using Getty Photos)
The administration firm now holds the reins of the pop star’s Billboard chart-topping hits like “Cry Me a River,” “SexyBack” and “Mirrors.”
“I am excited to be partnering with [Hipgnosis founder and CEO Merck Mercuriadis],” Timberlake stated in a assertion. “He values artists and their resourceful do the job and has constantly been a strong supporter of songwriters and storytelling. I seem forward to moving into this future chapter.”
Timberlake now joins the ranks of other entertainers like Bob Dylan, Shakira and Neil Youthful, who have all not long ago offered the legal rights to their new music.
This post initially appeared on HuffPost and has been up-to-date.