Justin Bieber sells rights to his songs for $200m

For an estimated $200 million, Justin Bieber has sold Hipgnosis Songs Capital his portion of the music rights.

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Some of the biggest singles in recent years, such as "Baby" and "Sorry," now belong to the company rather than the pop performer.

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One of the best-selling musicians of the twenty-first century, Justin Bieber, has begun to cash in on his back catalogue.

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As a result of the decision, Hipgnosis will be compensated each time a song that contains a portion of their music is heard in public.

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Image Source- Wikipedia

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Both Bruce Springsteen and Bob Dylan have sold back catalogue rights to Sony in the past two years.

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