By Shukri Osman,
Justin Timberlake has sold his entire song catalogue in a deal reportedly worth KSh11.6 billion ($100million). The hit maker, 41, is partnering with Hipgnosis Song Management, a KSh116 billion ($1 billion) fund supported by the private equity firm Blackstone.
Hipgnosis Song Management allows investors to profit from the work of a variety of musicians, including Barry Manilow and Beyoncé.
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| Justin Timberlake has sold his entire song catalogue in a deal reportedly worth KSh11.6 billion ($100million). Source: Getty Images |
According to The Guardian newspaper, the agreement between the former NSYNC member and his management business grants them complete control and ownership of his stake in over 200 songs he has written.
“Justin Timberlake is not just one of the most influential performers of the last 20 years, but he’s also one of the best composers of all time,” said Merck Mercuriadis, the founder and CEO of Hipgnosis.
This year, the business also bought the late singer-songwriter Leonard Cohen’s collection and 80 percent of country musician Kenny Chesney’s royalties.
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| The hitmaker has sold his music to a Blackstone company |
Timberlake’s discography spans more than two decades, with five studio albums and 40 songs under his belt.
The singer, who is married to Jessica Biel, 40, and has two sons, Phineas, two, and Silas, seven, met his wife in 1995 while performing with the boy band NSYNC.
Joey Fatone, 45, JC Chasez, 50, Chris Kirkpatrick, 50, and Lance Bass, 43, were the members of the band when it disbanded in 2002.
Enrique Iglesias, 50 Cent, the Chainsmokers, Shakira, and Lindsay Buckingham, as well as Leonard Cohen, Neil Young, and Bob Rock from Canada, are among the artists whose catalogs are represented by Hipgnosis.
