Justin Timberlake is the latest musician to see his entire music catalog.  Justin made a deal with Hipgnosis Song Management, which is a company that’s backed by the private-equity firm, Blackstone, for a reported $100 million.

 

 

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According to PEOPLE, “The agreement includes copyrights of approximately 200 songs that Timberlake wrote or co-wrote. The private equity firm will have the musician’s hit songs including “SexyBack,” “Can’t Stop the Feeling” and “Mirrors” under their control.”

 

Merck Mercuriadis, founder and CEO of Hipgnosis Song Management, said in a press release, “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.  I’m delighted to welcome them all to the Hipgnosis Family. This is the beginning of what we believe will be an incredible relationship important to us all,” he added.

 

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In his own statement, Justin says, “I am excited to be partnering with Merck and Hipgnosis.  He [Mercuriadis] values artists and their creative work and has always been a strong supporter of songwriters and storytelling.”  JT also shared that he’s ‘looking forward to entering the next chapter of his career.”

Justin has been in the game for more than 20 years, rising to fame alongside his *NSYNC bandmembers, Lance Bass, Joey Fatone, JC Chasez and Chris Kirkpatrick.

 

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Justin now joins The Chainsmokers and Shakira, who have also sold their catalogs to the same company.  In terns of why artists are selling their music catalogs, the head of the company explains, “In the case of those younger songwriters, they’re looking to de-risk their future.  They’re looking to be put in a position where they can make music for pure purposes going forward based on what they want to do, as opposed to what they have to do for money.”
And on that note, lets celebrate with some JT music.

 

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