Recording artist Justin Timberlake performs onstage during the Pepsi Super Bowl LII Halftime Show at US Bank Stadium on February 4, 2018 in Minneapolis, Minnesota.
Christopher Polk | Getty Images
Buy, buy, buy.
Pop superstar Justin Timberlake, who got his start in boy band NSYNC, has sold the rights to his catalog of songs to Hipgnosis Song Management, the British firm announced on Thursday.
The deal was made on behalf of Hipgnosis’ partnership with Blackstone private equity firm, Hipgnosis Songs Capital. It is said to be valued at over $100 million. The Wall Street Journal, which first reported the news, added that the deal does not cover future Timberlake releases.
The superstar said she was “excited” about the partnership. “I can’t wait to enter this next chapter,” he said in a statement.
Timberlake’s hits include “Cry Me a River”, “SexyBack”, “Can’t Stop the Feeling” and NSYNC songs such as “Bye Bye Bye”.
Timberlake, 41, is the latest music star to sell the rights to his songs for a huge sum of money.
In December, Bruce Springsteen sold his catalog to Sony for $550 million. A month later, in January of this year, Bob Dylan also sold his catalog of recorded music to Sony. This came after Dylan sold his songwriting catalog to Universal Music Publishing Group in December 2020. Tina Turner sold her catalog for around $50 million to BMG in October.