Justin Bieber Sells Entire Music Catalogue for R3.4 Billion, Fans React: “Worst Deal Ever”

• Justin Bieber has reportedly cashed out on his music publishing and recording catalogue to Hipgnosis Songs Capital
• According to reports circulating on social media, the Canadian singer gave away his life's work for a little over $200 million
• Social media users have weighed in on the deal and said Bieber could have earned more for his music

One of the best-selling artists of all time Justin Bieber has reportedly sold his entire music catalogue to Hipgnosis Songs Capital for more than $200 million.

The reports come after weeks of speculation that the multi-award-winning star was in talks to give up his music publishing and recording catalogue to the Blackstone-backed Hipgnosis Songs Capital.

What will happen to Justin Bieber's music after the deal?

Justin Bieber has a career spanning more than a decade and 290 songs including timeless classics like Sorry and Baby under his belt. By selling his music rights, the star gave Hipgnosis his stake in his masters as well as his neighbouring rights — a royalty through which its owner receives a payment every time a song is played publicly, The National reports.

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Justin Bieber sells music rights for $200 mn

Justin Bieber joins other stars who sold their music rights

According to EWN, the Baby hitmaker joined the long list of international stars who have also sold their music catalogues to Hipgnosis Songs Capital. Stars like Justin Timberlake and Shakira have also sold their music rights.

Social media users react to the news of Justin Bieber selling his music catalogue

Many Twitter users were not thrilled with the 20-year-old star's decision to sell his entire music rights for $200 million. Many said he could have made billions with his music.

@JayCartere said:

"Worst deal ever. He could make billions over his lifetime from his music."

@codyjhor noted:

"His catalogue generates this revenue in four years on Spotify alone."

Beyoncé reportedly booked for over R414 million for Dubai private event, netizens crack Porta Potty jokes

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In more entertainment news, Briefly News reported that Beyoncé's alleged R414 million booking fee for a Dubai private event has people talking.

According to Arabian Business, the singer will headline the grand opening of the lavish hotel Atlantis The Royal. The Spirit hitmaker will be paid $24 million, which is R414 225 600 when converted into rands.

A tweet by @B7Album confirmed that Beyoncé has already started to rehearse for the lush event. The tweep shared a clip and claimed the superstar was rehearsing her smash hit Crazy in Love.

Source: Briefly News