Justin Bieber is close to a deal to sell his music rights to Blackstone-backed Hipgnosis Songs Capital in a transaction valued at around $200 million, The Wall Street Journal’s Anne Steele reports, citing people familiar with the matter. The potential deal includes the pop star’s interest in both his publishing and recorded music catalog, the people say. The deal would be the largest music-rights acquisition for Hipgnosis to date, one of the people adds. Reference Link
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on BX:
- Hipgnosis Turns Belieber with New Upcoming Purchase
- Blackstone price target lowered to $111 from $114 at Piper Sandler
- Blackstone price target lowered to $80 from $90 at Barclays
- Thomson Reuters, Blackstone to sell shares of LSEG to Microsoft
- BREIT move to limit redemptions ‘a wake-up’ for investors, Barron’s says