Justin Timberlake sells whole song catalog for a whopping price
Los Angeles, California - Pop singer Justin Timberlake has reportedly sold his entire song catalog for $100 million.
The SexyBack star's catalog was sold to the London-based company Hipgnosis, which is owned by former music producer Merck Mercuriadis.
"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," Timberlake said. "I look forward to entering this next chapter."
Mercuriadis said that 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."
Hipgnosis confirmed they acquired Timberlake's "copyright, ownership and financial interests of the writer and publisher’s share of public performance income, and the catalog of musical compositions written by Justin Timberlake."
The deal also included "the worldwide administration rights to the compositions, subject to the remaining term of Universal Music’s administration rights, which expire in 2025."
Some of Timberlake's biggest hits include SexyBack, My Love, What Goes Around ... Comes Around, Suit & Tie, Mirrors, and Can't Stop the Feeling!
Cover photo: CHRISTOPHER POLK/GETTY IMAGES NORTH AMERICA/GETTY IMAGES VIA AFP