Justin Timberlake sold his song catalog to Hipgnosis Song Management, Variety reports. Hipgnosis has acquired 100% of all of Timberlake’s copyright, ownership and financial interests of the singer-songwriter’s share of public performance income, and the catalog of musical compositions written by Justin Timberlake.
Hipgnosis paid around $100 million for the acquisition. Timberlake has sold more than 150 million records (88 million as a solo artist and 70 million with ‘NSYNC), won 10 Grammy Awards, 11 MTV Video Music Awards, the Songwriters Hall of Fame’s Contemporary Icon Award, four Primetime Emmy Awards and an honorary Doctor of Music degree from Berklee College of Music, among many other honors.
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Merck Mercuriadis, CEO of Hipgnosis Song Management, said, “Justin Timberlake is not only one of the most influential artists of the last 20 years but he’s also one of the greatest songwriters of all time. His hit songs including ‘Cry Me A River,’ ‘Rock Your Body,’ ‘SexyBack,’ ‘My Love, ‘What Goes Around . . . Comes Around,’ ‘Suit & Tie,’ ‘Mirrors’ and ‘Can’t Stop The Feeling’ are amongst the most iconic of the period. Putting this deal together has been a complete labor of love for Justin, Rick, David and myself and I’m delighted to welcome them all to the Hipgnosis Family.”
Timberlake said, “I am excited to be partnering with Merck and Hipgnosis – 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.”
Hipgnosis recently acquired catalogs from Neil Young, Shakira, the Red Hot Chili Peppers, Leonard Cohen, Barry Manilow, Fleetwood Mac’s Lindsey Buckingham, Motley Crue’s Nikki Sixx, the Chainsmokers, Jack Antonoff and others.