Justin Timberlake was already rolling in dough.
Now he’s positively swimming in it.
According to CNN, JT sold his entire music catalogue to a UK based firm “Hipgnosis Song Management.”
All 200 of his hits, non-hits, bangers, and sleepers, sold for a whopping $100 million.
Well, okay, the exact dollar amount has not been disclosed.
The Wall Street Journal estimates his catalogue was worth upwards of $100 million.
CNN quotes Justin Timberlake‘s press release:
“I am excited to be partnering with Merck and Hipgnosis – he values artists and their creative work and has always been a strong supporter of songwriters and storytelling. I look forward to entering this next chapter.”
The 200 songs included in the deal only encompass songs Justin had a hand in writing, excluding the ones he co-wrote with others.
So *NSYNC’s catalogue is off the table.
CNN quotes Hannah Karp, Billboard’s editorial director:
“A lot of the artists that are selling their catalogs are getting to a point in their lives where they are planning their estates, sort of planning for the future and they are at a point in their lives where it makes sense to sell their music to provide for their families”
Hipgnosis also owns the works of Neil Young, the Red Hot Chili Peppers, and Shakira, among others.
Last April, Justin Timberlake signed on with Apple TV+.
He is set to star in an upcoming drama about the life of Chuck Barris.
Apple won an auction for the script and will develop an hour-long drama series.
Barris not only hosted the Gong Show, but also created The Newlywed Game and The Dating Game back in the 60’s and 70’s.
The (currently untitled) series will premiere on Apple TV+.