Since being discovered by Usher at the age of 13 Justin Bieber has compiled 290 titles in his music catalogue. As a result, song rights are worth as much as $200 million to singers. But because until late in the night, Bieber continued to express his desire to perform and bring his music to his fans, leaving many scratching their heads that the decision was made at such a young age to waive the right to perform. continue ghost singer for many years
Because of this, many believe there may be more behind the scenes than Bieber reveals. which eventually led to his decision to retire from music. In fact, Justin Bieber may have made the wrong choice in selling his music rights.
Justin Bieber sells his music catalog for $200 million
The reason artists sell the rights to their music is to make a ton of money. For someone like Bruce Springsteen, their entire catalog sells for $550 million. Stevie Nicks sells some of her work for $100 million.
Because Bieber still has a long career ahead of him. And his songs are still very popular. Which led to speculation as to why he sold the rights to his songs.
The first idea was that Bieber joined other young artists in selling the rights to his music before the law came into effect that would have made capital gains taxes higher on capital gains.
Many artists such as Justin Timberlake, Shakira, Neil Young and many others have taken this route to sell all or some of their rights. Due to Bieber’s young age and his tendency to make more music, This doesn’t seem like the most logical explanation behind the sale.
Many people believe that the reason peach The singer sold the rights to his songs about health. And from the setbacks Bieber has suffered in the past. It’s a plausible theory. Bieber’s plan was to showcase his new music to fans in 2020, however, as a result of the pandemic, the tour was postponed.
The rescheduled date will be in 2022, around which time Bieber was diagnosed with Ramsay Hunt syndrome, a viral disease that causes facial paralysis. And while Bieber tries to show his strength through various programs. when symptoms improve It was evident that he was exhausted.
“After I left the stage (in Brazil), exhaustion took over me. And I realized now that I have to make my health a priority,” Bieber explained last year. in doing so He has resisted the turmoil in the music industry where artists feel they have to perform no matter what. And after this statement, the tour was canceled indefinitely.
considering his health Most likely Bieber didn’t think he would make music. let alone returning to tour soon, and as a result It therefore made sense to withdraw his royalties while he was still a popular organization. to make as much money as possible If he really decides to retire in the next several years.
Can Justin Make Over $200 Million From His Music?
when it comes to music copyright Most of them only think of performances and broadcasts where artists get paid. in fact There are many more ways in which royalties are a factor in how a music artist earns a living.
From public appearance royalties to mechanical royalties Synchronization royalty digital royalty Printing royalties neighbor value and sampling royalties There are many ways for singers to generate additional income beyond their recording contracts. If a singer writes some or all of the song That means still more money.
Because Bieber wrote, sang, and performed his songs. He is entitled to a certain amount of money for his music. Although the exact amount may vary when it comes to what an artist creates from a radio play. But for digital downloads It’s not uncommon for popular songs to make millions of dollars with royalties of “$0.006 and $0.0084 per stream.”
Because Bieber continues to have the most popular songs downloaded. He will lose that income.
It is estimated that sweetheart The singer makes $80 million a year. That comes from his album sales, tours and merchandising. This figure includes the royalties that come with performing on stage. But with the trip potentially ending, that means this recurring income too.
While there is still potential for the royalties to provide Bieber with passive income for years to come. delicious The singer likely weighed the pros and cons of selling his catalog and decided that it was best for him to have part of what could be done in his music now. instead of gaining it gradually over the next several decades or so.
According to estimates, Bieber tends to overspend. This path can be a good one for singers.
Music rights do not apply to new music at Justin Creates.
Although Bieber decided to sell his catalog But it doesn’t mean that future songs will. love myself Singers made or written were affected by this sale. But he will make money from royalties if he can return to music when and if Ramsay Hunt syndrome goes into remission.
By selling his royalties to Hipgnosis Songs Capital for $200 million, Bieber’s net worth has increased to $400 million. If he releases new music from 2022 onwards, he will continue to be wealthy. So don’t worry about financial comfort while dealing with his rare virus. And there will likely be a lot of hype when/if a new album is released in the future.
This means that not only is Bieber making a lot of money selling his catalogs. (Though probably less than Bieber would have done during his lifetime had Bieber kept the copyright to his music.) But it also has the ability to do a lot of good. Even with a young age
So some money may be wasted in the long run with the decision to sell his catalog, but fans can rest assured that Bieber won’t be hurting financially today or in the near future. Even if he chooses to sell his creations.
