Justin Bieber to Sell Entire Music Catalogue for R3.4 Billion, Fans Share Mixed Reactions: “It’s Not Worth It”
- Award-winning Canadian singer Justin Bieber is reportedly on the verge of closing in on a deal to sell his entire catalogue
- Reports circulating on social media indicate that the Biebs is being offered around R3.4 billion
- Social media users have weighed in on the matter saying the singer should reconsider because his catalogue is worth more than the money
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Justin Bieber is following in the footsteps of other celebs who are selling their music catalogues. The star is reportedly in talks to sell his music catalogue of more than 15 years.
Bieber is unarguably one of the best singers of our time with hit songs like his debut Baby, Intentions, Sorry, Honest and I Feel Funny.
According to Daily Mail, the 28-year-old star is in talks with Blackstone-backed Hipgnosis Songs Capital to sell his catalogue which would include both his publishing and recorded music catalogue. The star boasts six albums and collaborations with some of the biggest names in the showbiz industry. Among them, are Drake, DJ Khaled and Usher.
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Wall Street Journal reports that the deal would be the company's biggest deal. This after Blackstone-backed Hipgnosis Songs Capital reportedly bought Timberlake's catalogue earlier this year.
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The news has been met with mixed reactions from social media users. Peeps said Bieber should not sell his catalogue is worth more than the money.
@TheMimiReign said:
"He’s too goated to sell it for that little.$200M is cheap."
@DJSCHEME_ wrote:
"Technically he’s selling his % in what he owns for the music. The label owns some and probably usher or whoever brought him to the label owns % on his early tracks im sure."
@HelloitsmrChase noted:
"I’m no expert…but giving up the possibility of collecting money for life from your catalogue for a lump sum is kinda risky. I understand just being in this position is crazy on it’s own, but wouldn’t it be best to own your master & always have an income even when you retire?"
Lady Du tells Mzansi to mind their business after they dragged Nhlanhla Mafu for hiding her new bae’s face
In more entertainment news, Briefly News previously reported that Nhlanhla Mafu, formerly known as Nhlanhla Nciza, revealed her new relationship to Mzansi. However, Mzansi peep dragged her new bae because his face was hidden in the photos.
The photos were initially posted on the singer's Instagram account, but they ended up on Twitter after @Snezo_Ntaka shared them.
Snezo dragged Nhlanhla in the tweet's caption, implying that the media personality should have kept the photos to herself if she didn't want to go public with her new relationship after getting divorced.
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Source: Briefly News