Justin Timberlake sold his entire music catalog for $100 million

Justin Timberlake sold his entire song catalog in a deal that was said to be worth $100 million.

According to The Guardian, Justin Timberlake is partnering with Hipgnosis Song Management, a $1 billion fund backed by private equity firm Blackstone. Hipgnosis Song Management offers investors the opportunity to earn royalties from the work of various artists such as Barry Manilow and Beyonce.

The deal between the former NSYNC star and the agency gives them 100% control and ownership of Justin’s stake in the more than 200 songs he has co-written.

“I am delighted to be working with Merck and Hipgnosis – he values artists and their creative work and has always been a strong advocate for musicians…” – Justin shared in a statement – “I look forward to seeing this next chapter”

Founder and CEO of Hipgnosis, Merck Mercuriadis said: “Justin Timberlake is not only one of the most influential artists of the last 20 years, but he is also one of the greatest musicians of all time.”

“His popular songs include “Cry Me a River”, “Rock Your Body”, “SexyBack”, “My Love”, “What Goes Around… “Comes Around”, “Suit & Tie”, “Mirrors” and “Can’t Stop the Feeling” are among the most iconic of the period.”

According to Mercuriadis, the deal took more than a year to close and is the third completed by Hipgnosis Song Capital in 2022. This year, the company also attracted the late singer-songwriter Leonard Cohen’s stake in the catalog and country star Kenny Chesney’s 80% royalties.

Timberlake’s music collection spans more than 20 years, and his solo career includes 5 studio albums and 40 singles. Justin was first known as a member of NSYNC, in 1995.