Entertainment

Justin Timberlake sells music back catalogue for '$100 million'

Justin Timberlake sells music back catalogue for '$100 million'

Justin Timberlake has reportedly said 'Bye Bye Bye' to his music back catalogue. It's reported that the deal is to be worth $100 million.

Making a deal for around 200 of his songs including 'SexyBack' and 'Mirrors', Justin Timberlake has sold his hits to Hipgnosis Song Management. They are the company founded by Merck Mercuriadis and Nile Rodgers in 2018.

Merck confirmed the news in a statement saying: "I am excited to be partnering with (Hipgnosis founder and chief executive Merck Mercuriadis).

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"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."

He continued: "Justin's incredible catalogue will join other amazing works at Hipgnosis which we know will serve as a great steward of his work. We look forward to a great partnership between Justin and Hipgnosis."

So, we've not been furnished with an exact amount, but The Wall Street Journal reports the deal could be worth in excess of $100 million.

https://www.youtube.com/watch?v=TOrnUquxtwA

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Justin's not alone in selling off his hits in return for some serious cash. Shakira recently sold off her entire body of work for an undisclosed sum while Neil Young parted with 50 percent of his recordings for an estimated $150 million.

Justin Timberlake currently stars in the hit Hulu show 'Meet Candy', now streaming on the platform.

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