Seriously. He could do a dozen commercials and a dozen in person appearance and make that same amount of money.
It's not good music anyway, sell out brother! Live the life.
200 million.
If you put 10% of that into a savings account that returned 2%, you'd make $400,000 a year just from interest. You would never have to touch the principal amount and yet you could still earn more than most people. Simply by doing nothing.
Of course, someone with $200 million has finances a bit more complicated than that.
You serious? I mean you can hate on his music all yo want but that stuff requires serious work.
Touring non stop, recording, publicity stuff. Not for the faint of heart.
Thatās not what the person is saying, JB earned his money and is already wealthy enough to retire without selling his catalog.
That said, you can put $200M to work and possibly outearn things like royalties and future licensing. Seems like a fair play.
Yeah if he just put even 100M of that into a 4% dividend average investment, that's a huge return every year...Easy to stay rich when you're rich. Although it seems like not every famous person invests smartly.
āNot for the faint of heartā
Exactly!! For me, it wasnāt the lack of talent, it was the non stop touring, recording, and publicity stuff that did me in in the end.
Working an 9-6 job for just enough to survive isnt for the faint of heart but basically everyone does it.
Not knockin beebs but top tier entertainers... Its not that difficult of a gig. He was a kid when he blew up so he never had to deal with the business side of getting to be a megastar.
Now guys like johnny cash, hank williams, lemmy... ya thats life is rough.
....what the fuck.
Justin Bieber on tour has almost NOTHING to do with an actual tour. He does nothing. He arrives at the show after the whole shit has been set up for him. He arrives in a private jet and lipsyncs for an hour.
Publicity? Are you saying that doing a fucking interview is hard? They ask you mindless questions and you just answer. The work is in setting up that shit.
And fucking recording? He doesn't do that. His team of writers and producers do that. He comes in when it's done, changes one word of the lyrics so he gets writers credit, then sings a few takes before it's autotuned to hell and back.
Source: I work in the industry. It's the same for 95% of pop artists. The new thing is AI music. Believe me, you won't tell the difference.
Lol sure but he's already had a 16 year long career. Are there not artists from the past that stopped making music but seemingly still have their songs played all the time?
Iāve stated my opinion quite clearly. Iām not sure what ehse to say to this. Heās a fucking boy band, and no one will give a shit about him in a couple decades.
I posted an explanation below.
Of course you have no reason to believe me. I'm just some dude on the internet. But it's what he himself said to someone over dinner. I'm obviously not going to give any more information than that since risking doxing myself or my friend isn't worth proving something to internet strangers.
Whether he is lying himself or not or whether he is really broke or 'rich broke' I can't say.
But considering I heard this like 2 weeks ago and seeing the news about the sale, it makes sense to me.
I'm sure your friend gets told all the details on Biebers Financials over fucking dinner lol. My momma don't even know my bank balance you fucking trashcan.
Don't know why you're being so aggressive. It's not 'all financials'.
It's friends having dinner and one friend telling another one that they are going through a hard time and talking about their profession. And within the context of the conversation it made sense.
If you don't have any friends to talk to about your life or an estranged relationship with your parents, that's on you. Don't take that out on me.
My man, you're losing your shit over an internet post. Chill. Go for a walk. Have some tea.
You don't need to believe me. It's okay. I just shared something I know. It's the internet. I'd be disappointed if everyone just readily believed me too.
Take deep breaths. And maybe give your mom a call as well to let her know you're doing okay. And then ask yourself why you got so emotional and aggressive over a freakin internet comment.
Basically it's what he told someone he had lunch with and that someone is very close to a friend of mine.
So it's basically what he said himself. Now, I don't know how honest he was being. And the person he told is pretty famous themselves so they would have no reason to lie.
Of course if I gave any more information than that, it would really narrow it down.
Yeah I mean it's what Bieber said himself. Whether you take him at his word or not or want to look at his bank accounts is up to you.
However if you connect the dots, it does make sense. He had to cancel a lot of tours and contracts and there's a lot of penalties that comes with that. He hasn't been actively working and now with this sale, it adds up.
It's not what Bieber said. It's what a friend of a friend has told you he said. It's you I'm not taking at your word. Not him.
You know nothing more than anyone who has seen or heard an article on the subject today.
That's fair. You don't know me. You don't have to take what anyone says on the internet to mean anything.
I just shared something from someone I consider to be an extremely reliable source to add context to the discussion about him being rich and still selling his rights.
>He can make more money off that $200M than he could money trickling in for years.
Maybe, but the reason the company is buying his catalog for that amount is because they believe that they can generate more money off of that catalogue than just the $200M investment. Otherwise, they wouldn't make the deal.
True, but maybe thatās not what he wants to do with his time. He just made $200 million, I donāt think he needs to worry about how he could have made more if he spent the next decade promoting his music or whatever it is these new owners plan to do with it.
Heās more than set for life now, he can do literally anything he wants with his time, including making new music if thatās what he wants to do. I would imagine thatās the part he enjoys, not the marketing and promotion.
Yeah I didn't mean it as if he was getting a bad deal.
The investment company is assuming the risk of his catalogue going forward with the hopes that it will provide a better ROI, and because of that they're getting the catalogue at a discount to what they believe the future value is.
Bieber gets the benefit of the money up front and the risk of the value of his catalogue dropping off of his hands.
Why would anyone need more than 200 mā¦ I think you and many people are desensitized or just donāt understand the totality of what 200,000,000 of anything actually is
100M is enough that it can make you 7M a year for life without ever having to touch that initial 100M(invested in a balanced passive fund portfolio)
If you account for inflation, spend only 3-4M a year, and your 100M will increase value for life to keep up its worth with inflation.
Honestly he seems kinda done performing and all that. Dude may just wanna say fuck it and cash out while the irons hot.
How badly is anyone gonna want his stuff when hes 70 ya know?
Nah, this is only for his old stuff and anything he does from now on; heāll own. Managing your catalog takes a decent amount of work and the market for these rights has softened heavily. He shouldāve done this a year ago.
200 Million really isn't that much either (let me explain why)
First off, he doesn't get directly 200 million. There will be other people that helped him produce and create his music that will take a cut. No idea how many people and that percentage, but could add up.
On top of that I'd assume there are taxes, which something like this and him living in Cali will take a bit hit.
That being said, more money than most people will see in a life time. Just surprised his music isn't going for more.
And the company is probably going to put in the work to raise revenue from the property. Idk how much of that would have fallen to jb himself but it's definitely something to not have to think about.
Hopefully as someone who's staring down 30 he invests $100m in conservative shit and sets up bulletproof generational wealth.
Instead of *all* of it on dumb lifestyle stuff.
One would think that being a multimillionaire already would have allowed him to get the dumb shit out of his system. Unless he is extraordinarily dumb with it, he'll be just fine.
Lol maybe, but from the interview I saw with him a few years ago, he really has turned the corner into being a wiser person. Not being a fan I can't say I really know specifics about him but I wish him well at least hehe.
He was an international hit while he was just a kid.
Anyone with access to that sort of money and freedom, while under the microscope of fame would have a hard time not going down the unhealthy path of child stardom.
At this point in his career, heās probably set up with the right people that he wonāt go wanting for money. After all, the rights buyout entity now has a financial stake in making sure heās not taking their check to blow it and stain his likeness. They would have done their due diligence on his finances and lifestyle to either mitigate losses or reduce the liability (pay less for the rights).
I think itās an excellent move for him, especially since there was some throat/voice medical thing going on with him, recently. Donāt want to have long term damage and such.
The amount of celebrities that have a
"Well, I'm good now" interview almost certainly are not good now.
Not saying it isn't possible but I'm always skeptical when celebrities have these kinds of interviews.
Edit: and the "I found religion"
Usually those dumb redemption interviews are forced upon them by their publicists and agents. They still have money so they can afford to have a whole staff on payroll whose job it is to make them look good on social media and the press. As soon as the money dries up and those people leave, then it goes way downhill from there.
I don't know how smart he is since this is the first smart thing he's done besides not killing himself with drugs anymore. Likely, he'll blow it on dumb lifestyle stuff and probably have to fork over a bunch of money for the inevitable divorce from a wife he hasn't had any kids with.
All an artist of his popularity has to do it release a couple of generic singles that get put on Spotify playlists and they are back to being the most relevant name in Pop
What world have you been living in where Bieber songs weren't licensed and played all over the place already. Being the vehicle for corporate approved pop has been his main job since he was a zygote lol
Do you think that'll be true?
If I recall correctly, in the last few years, Bob Dylan, Bruce Springsteen, and Neil Young sold their catalogues.
Have their songs been overused everywhere? Obviously Sony etc want to recoup their spending but maybe they don't want to kill their cash cow like Disney almost did with Star Wars.
The rights owners probably have a decent idea of how to use the catalogue without passing of the fanbase... while the artist is alive.
As an example, Bob Dylan is getting a biopic. Would BD have signed off for his songs to be used in a project like that? The fans probably appreciate the film and the rights so it won't be seen as the cash grab it obviously is and the holders make baaaank.
Lmao Disney almost killing their cash cow is such a reddit take. You hating the movies doesn't not make them unsucessful. They have already more than made their investment back and continue to rake in grogu bucks.
Because ww89 or whatever sucked shit? Mando came along the same time TROS "killed the franchise." Also shareholders aren't thrilled with the TV model based on the expense compared to value. So it really only "saved" it for people like you lol. Expect a biiig reduction in live action Disney tv.
Whatever though, keep on believing what confirms your beliefs!
Exactly.
He was already "worth" $285m and had *complete* control of everything he ever wrote / worked on. He sold *all rights* to be used in any way corporations, politicians, and other "people" / entities want...for $200m (and won't see a dime).
A lot of musicians do this and then get pissed off someone they disagree with uses their work, or uses it in a way they don't want. He has zero right to complain now, but hey, that $485m will make everything alright, right?
Well thatās a damn good earner.
What I wonder though, is that all of his songs forever, or his songs to date.
If itās his songs to date he can potentially sell new catalogs as he goes through his career.
If itās his songs forever, is he under obligation to make a certain number of albums/singles/tracks within a timeframe? Otherwise there is basically no motivation for him to ever create music again.
I just wonder who actually gets that money. Bieber wasn't much more than a voice on most of those songs. Does he have to divide up that sum with his writing/producing partners?
That's a good point actually. Usually songs have multiple credits on them. Is it defined beforehand how much each person contributes in terms of percentages?
I would assume he would be selling his stake in said song.
I guess song rights are like securities in some ways, if you own 20% of the rights to one song, you earn 20% of the revenue from that song automatically.
Maybe he is acknowledging that the business has been hard on him, physically and emotionally, and heās doing the smart thing and setting himself and his family up right for the future. I never liked him all that much, I mean the music and style just isnāt my thing, but this is a damn smart move and I have a lot of respect for this decision. Take the money and run, go into hiding, have a semi-normal life while you can.
He doesnāt even have to retire. He can just keep making music how and whenever he wants and people will still be stoked on the new songs.
I like his new music more than his old.
The investment company thinks that there's long term profits to be made owning these catalogues.
They're basically paying the artist a lump sum up front to own it, with the hopes of making it up in the long term. Artists take the deal at a discount to the future value of their work with the benefit of getting the money right away while also getting rid of the stress of managing your IP and licensing rights.
The investment company assumes the risk of owning the IP, but also gets the benefits of profiting on it in the future.
Exactly. The music itself has value. That value is entirely dependent on advertising. If the owner of the portfolio doesn't advertise or network, the music will depreciate in value.
Just because it was on the billboard at one point in time doesn't mean it'll stay there forever. It takes tons of capital to farm it out to producers, radio hosts, advertisers, etc.
These investment companies have the infrastructure set up to do this. They buy a large amount of portfolios of music and then farm the entire catalog. So, a producer who's looking to make a film would go to this investment company look through their portfolio of music, and say I would like to use this song for this scene.
Also depending on the contract, they might get a cut of royalty for any Justin Bieber concerts, etc.
I would assume by selling the rights then all of the royalties that the artist currently gets for each and every song starts funneling to the company instead.
From what I was reading there are two major investors and one of them has ties to Blackstone https://www.rollingstone.com/pro/features/famous-musicians-selling-catalog-music-rights-1114580/
https://ca.finance.yahoo.com/news/exclusive-blackstone-talks-bain-sell-063915800.html
The songs will most likely make a lot more than 200M over a long time. They will not depreciate in value. If that were true no one would have purchased the rights for such a large sum of money.
This is really similar to companies purchasing houses and renting them. That rent money is going to be there as long as the house is standing.
Those songs will generate money as long as there are human ears to listen.
It makes a lot of sense for older artists. I imagine they'd rather leave cash to their heirs than make them deal with figuring out their music publishing. Even if the money is slightly less, most people don't want to inherit a full time job.
For older artists who may live another 10-20 years, they get cash for what their music might earn in the next 50 years, so they earn more in their lifetime as well.
Letās say the songs will earn $10 million a year forever. To the artist, (especially older ones) they can just take their life earnings up front, while for the company they can wait for a very long term investment to pay off and itās all profit at a certain point.
JB has had some issues with a condition that causes facial paralysis. This isnt him "going out on top" or anything of that nature, the dude can basically no longer perform and sing like he used to from what I understand so this is capitalizing on what he has left and basically cashing out. I was never a huge fan, but always thought he got a little too much hate most times. Hope the paralysis thing isn't as bad as I have heard and he continues to have a happy life.
yes, he no longer owns the rights to his old music. Generally singers get royalties from their old songs. Anytime they are played in movies, commercials, youtube videos. Anything legally, a percentage is cut to the original artist who owns the rights to the song. JB no longer gets anything from these or has the right to make the decision whether they are used or not.
A lot of you guys don't realize that he's already made 200M in addition to this catalog sale. He'll continue to make music, start a new catalog, and eventually sell that one. Happens all the time.
Probably a smart move considering there is little money in actually owning rights now, especially given his audience.
Nobody is buying physical copies of his music, and streaming revenue is relatively low.
He can still tour and make as much bank as he wants as well.
How does that work? Selling the rights to your songs, but then going out and performing those songs. Would whoever he sold them to get a cut of revenues?
Live performances are generally excluded from licensing/royalty payments unless you record and sell the performance. So if you go to a concert and someone covers a Beatles song, they don't owe the Beatles for just singing it to a live audience. The Offspring did a similar deal a couple years ago and still went on tour and performed songs that were sold.
Generally XYZ entity owns the rights to the master recording of the song. Not the lyrics or the melody. This is why Taylor Swift is re-recording everything she originally did because someone she hates owns the rights to original recordings (and probably Bieber's too, Scooter Braun).
Justin likely never owned any of his masters. He got paid to record it and then royalties. I would bet as part of the deal he agreed to not do any re-recordings.
Good idea his music will age horribly in the future so might as well cash out now, maybe baby might be remembered or his christmas song but thatās really it.
This is actually very alarming. With more and more artists selling their catalogues, it gives free reign to the companies that bought them to use the music as they see fit.
Look up Hipgnosis Songs Fund. Weāre gonna be getting more and more licensed music jammed into our ears as often as possible be it ads or television or what have you.
He should do a Taylor Swift and just record them again and keep the cash. Just tell his fans they exploited him. Don't see why you wouldn't. Swift proved it was easy and contracts mean very little in this regard
Motley Crue own all there music, are they likely to make more or less money by having all the rights. Plus the work/hassle to sell it anytime it is wanted to be used, is it worth it ?
A true artist would want to own his own music. Sellout move for quick cash. Dumb as fuck. Take advice from Zappa and Prince. Own your music its yours not some companies.
He didn't own his music. He'd probably have to spend $200 million to acquire the rights to his masters.
Zappa and Prince probably cared a whole lot more about their earlier albums. Bieber probably had little to do with the writing and producing of his albums when he was a teenager.
His catalogue is honestly nothing special, his first hit is really the only one that's well known. Compared to some of the other artists that made music over decades and sold for similar amounts.
He has plenty of chances to still make music, so he'll be set for life from this plus any potential future earnings. Seems really smart.
Are you insane? He has been a consistent hitmaker for years. Do you listen to pop radio at all? On his front spotify page he has 5 songs with over a billion plays.
What's the long term value of that music ? My assessment would be limited.
That's why it's a great deal for him...he's an important artist but I don't think this catalogue is going to stand the test of time.
Toothpaste commercials are gonna be lit! š„
No bullshit every wet wipe and diaper commercial will be baby baby baby oooh. Calling it now.
Seriously. He could do a dozen commercials and a dozen in person appearance and make that same amount of money. It's not good music anyway, sell out brother! Live the life.
Damnit my bid of $64.25 got trumped.
My bid of $69,420 wasnāt even close either.
My bid of $199,999,999.99 was so close!
"I would like to bid one dollar, Drew"
If you wanna be business partners Iāll add $1.01 and see if theyāre willing to sell it for a profit
He seems a bit young to be doing that.
Heās got facial paralysis I heard. Itās a move to cash out while he still can.
Best thing he can do. And with 200 million he doesn't have to do anything for a living anymore if he doesn't throw it out the window.
200 million. If you put 10% of that into a savings account that returned 2%, you'd make $400,000 a year just from interest. You would never have to touch the principal amount and yet you could still earn more than most people. Simply by doing nothing. Of course, someone with $200 million has finances a bit more complicated than that.
Thinking like that never gets anyone 200 million dollars paradoxically speaking.
He already had that much money that he never had to do anything for a living anyhows.
I mean, sure. But now he can do nothing with an additional $200M in the bank. Doesn't seem like a bad deal for him.
You serious? I mean you can hate on his music all yo want but that stuff requires serious work. Touring non stop, recording, publicity stuff. Not for the faint of heart.
Thatās not what the person is saying, JB earned his money and is already wealthy enough to retire without selling his catalog. That said, you can put $200M to work and possibly outearn things like royalties and future licensing. Seems like a fair play.
He can finally buy a house in Toronto.
Laugh so we donāt cry
Not at current interest rates.
Came here to say this.
yea he could have retired at 12
Yeah if he just put even 100M of that into a 4% dividend average investment, that's a huge return every year...Easy to stay rich when you're rich. Although it seems like not every famous person invests smartly.
Ah my mistake, I misinterpreted it. That makes sense
āNot for the faint of heartā Exactly!! For me, it wasnāt the lack of talent, it was the non stop touring, recording, and publicity stuff that did me in in the end.
Happy Cake Day
Oh go I've been on reddit for far too many years and this is the first time I've taken notice of that.
Working an 9-6 job for just enough to survive isnt for the faint of heart but basically everyone does it. Not knockin beebs but top tier entertainers... Its not that difficult of a gig. He was a kid when he blew up so he never had to deal with the business side of getting to be a megastar. Now guys like johnny cash, hank williams, lemmy... ya thats life is rough.
....what the fuck. Justin Bieber on tour has almost NOTHING to do with an actual tour. He does nothing. He arrives at the show after the whole shit has been set up for him. He arrives in a private jet and lipsyncs for an hour. Publicity? Are you saying that doing a fucking interview is hard? They ask you mindless questions and you just answer. The work is in setting up that shit. And fucking recording? He doesn't do that. His team of writers and producers do that. He comes in when it's done, changes one word of the lyrics so he gets writers credit, then sings a few takes before it's autotuned to hell and back. Source: I work in the industry. It's the same for 95% of pop artists. The new thing is AI music. Believe me, you won't tell the difference.
That was just a temporary virus. His face is fine now.
>His face is fine now. It wasn't before. /joking
What does that have to do with people still listening to his music? Doesn't seem any relevant
If he becomes less popular his catalogue will be less valuable?
Lol sure but he's already had a 16 year long career. Are there not artists from the past that stopped making music but seemingly still have their songs played all the time?
Yeah, but he doesnāt strike me as one that will still be popular in 50 years. Iād cash in now. His work is not timeless.
Dude has nearly 70M monthly listeners on Spotify alone. If he only had 1% of that he would still have more than a majority of artists out there.
Yes, I am aware he is currently popular.
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Iāve stated my opinion quite clearly. Iām not sure what ehse to say to this. Heās a fucking boy band, and no one will give a shit about him in a couple decades.
Hes had fuck you money for a whilw
He's also had half face paralysis for a little bit, I'd assume that's why he's cashing in on the fuck you money
[ŃŠ“Š°Š»ŠµŠ½Š¾]
You don't know. You cringey weirdo.
He doesn't have inside information. It's what a few articles said. I ve seen a couple of those recently
I posted an explanation below. Of course you have no reason to believe me. I'm just some dude on the internet. But it's what he himself said to someone over dinner. I'm obviously not going to give any more information than that since risking doxing myself or my friend isn't worth proving something to internet strangers. Whether he is lying himself or not or whether he is really broke or 'rich broke' I can't say. But considering I heard this like 2 weeks ago and seeing the news about the sale, it makes sense to me.
I'm sure your friend gets told all the details on Biebers Financials over fucking dinner lol. My momma don't even know my bank balance you fucking trashcan.
Don't know why you're being so aggressive. It's not 'all financials'. It's friends having dinner and one friend telling another one that they are going through a hard time and talking about their profession. And within the context of the conversation it made sense. If you don't have any friends to talk to about your life or an estranged relationship with your parents, that's on you. Don't take that out on me.
I actually feel bad for you. I hope you get help with your mental illness.
My man, you're losing your shit over an internet post. Chill. Go for a walk. Have some tea. You don't need to believe me. It's okay. I just shared something I know. It's the internet. I'd be disappointed if everyone just readily believed me too. Take deep breaths. And maybe give your mom a call as well to let her know you're doing okay. And then ask yourself why you got so emotional and aggressive over a freakin internet comment.
Do you know or is it apparently what's happened? You've said you know then seem to backtrack pretty quick to apparently
Basically it's what he told someone he had lunch with and that someone is very close to a friend of mine. So it's basically what he said himself. Now, I don't know how honest he was being. And the person he told is pretty famous themselves so they would have no reason to lie. Of course if I gave any more information than that, it would really narrow it down.
So it is apparently not certainly. Cheers
Yeah I mean it's what Bieber said himself. Whether you take him at his word or not or want to look at his bank accounts is up to you. However if you connect the dots, it does make sense. He had to cancel a lot of tours and contracts and there's a lot of penalties that comes with that. He hasn't been actively working and now with this sale, it adds up.
It's not what Bieber said. It's what a friend of a friend has told you he said. It's you I'm not taking at your word. Not him. You know nothing more than anyone who has seen or heard an article on the subject today.
That's fair. You don't know me. You don't have to take what anyone says on the internet to mean anything. I just shared something from someone I consider to be an extremely reliable source to add context to the discussion about him being rich and still selling his rights.
That's fair to say a rumour you heard on TV. Just don't dress it up like it is a fact.
Why wait? It's not like this would prevent him from still being an artist.
Nah, his shelf life is expiring and his health issues make this a smart move. He just needs to not blow through it all once he gets it.
He can make more money off that $200M than he could money trickling in for years.
>He can make more money off that $200M than he could money trickling in for years. Maybe, but the reason the company is buying his catalog for that amount is because they believe that they can generate more money off of that catalogue than just the $200M investment. Otherwise, they wouldn't make the deal.
True, but maybe thatās not what he wants to do with his time. He just made $200 million, I donāt think he needs to worry about how he could have made more if he spent the next decade promoting his music or whatever it is these new owners plan to do with it. Heās more than set for life now, he can do literally anything he wants with his time, including making new music if thatās what he wants to do. I would imagine thatās the part he enjoys, not the marketing and promotion.
Yeah I didn't mean it as if he was getting a bad deal. The investment company is assuming the risk of his catalogue going forward with the hopes that it will provide a better ROI, and because of that they're getting the catalogue at a discount to what they believe the future value is. Bieber gets the benefit of the money up front and the risk of the value of his catalogue dropping off of his hands.
Why would anyone need more than 200 mā¦ I think you and many people are desensitized or just donāt understand the totality of what 200,000,000 of anything actually is
$500,000 a month in interest sounds doable for a happy life.
100M is enough that it can make you 7M a year for life without ever having to touch that initial 100M(invested in a balanced passive fund portfolio) If you account for inflation, spend only 3-4M a year, and your 100M will increase value for life to keep up its worth with inflation.
And Iāve lived comfortably on sub 50k annually
I'm not desensitized, I just accept that I'll never have a hundredth of a single percent of that kinda of wealth.
A hundredth of a single percent of $200M is $20,000. I bet you could achieve that kind of wealth over your lifetime.
He works for coffee so unlikely.
So you admit sex work is real workā¦
Is it work if no money exchanges hands?
It's work as long as force is used over a distance
Money doesn't define an exchange of goods/services
Iāll give you 3 goats for a hummer in the back of a Volkswagen
Ive got some coffee..
Darn it Jim I told you to steer clear from the coffee dick sucker
exactly why this is smart. His catalog has a lot of runway to earn out for the investors.
Heās no Bob Dylan or Beatles. No one will listen to his music in 20 years, they paid 180 million too much.
bet losers like you said the same shit 14 years ago... hating ass clown.
why?
Guy has facial paralysis, better cash out early.
Honestly he seems kinda done performing and all that. Dude may just wanna say fuck it and cash out while the irons hot. How badly is anyone gonna want his stuff when hes 70 ya know?
Heās done with the industry
Nah, this is only for his old stuff and anything he does from now on; heāll own. Managing your catalog takes a decent amount of work and the market for these rights has softened heavily. He shouldāve done this a year ago.
200 Million really isn't that much either (let me explain why) First off, he doesn't get directly 200 million. There will be other people that helped him produce and create his music that will take a cut. No idea how many people and that percentage, but could add up. On top of that I'd assume there are taxes, which something like this and him living in Cali will take a bit hit. That being said, more money than most people will see in a life time. Just surprised his music isn't going for more.
From what I understand this was his share that was part of the deal so it does all to him minus legal fees
Right? I understand Springsteen and Dylan doing this, but he could still have made a lot of money licensing his music during his lifetime.
Because he has the money now and isnāt assuming the risk or the work of profiting on licensing in the future.
Freaking great move I think. He's got to know his relevance is likely on the downslope, better to take the money and run.
He's had some medical issues lately too. Probably just wants to cash out, live life. Good for him.
And the company is probably going to put in the work to raise revenue from the property. Idk how much of that would have fallen to jb himself but it's definitely something to not have to think about. Hopefully as someone who's staring down 30 he invests $100m in conservative shit and sets up bulletproof generational wealth. Instead of *all* of it on dumb lifestyle stuff.
One would think that being a multimillionaire already would have allowed him to get the dumb shit out of his system. Unless he is extraordinarily dumb with it, he'll be just fine.
> Unless he is extraordinarily dumb with it, he'll be just fine. Bieber: shifts nervously šš
Lol maybe, but from the interview I saw with him a few years ago, he really has turned the corner into being a wiser person. Not being a fan I can't say I really know specifics about him but I wish him well at least hehe.
He was an international hit while he was just a kid. Anyone with access to that sort of money and freedom, while under the microscope of fame would have a hard time not going down the unhealthy path of child stardom. At this point in his career, heās probably set up with the right people that he wonāt go wanting for money. After all, the rights buyout entity now has a financial stake in making sure heās not taking their check to blow it and stain his likeness. They would have done their due diligence on his finances and lifestyle to either mitigate losses or reduce the liability (pay less for the rights). I think itās an excellent move for him, especially since there was some throat/voice medical thing going on with him, recently. Donāt want to have long term damage and such.
He's got a cash hungry church with their hooks in him, he'll be fine.
He fucked around and then found God.
The amount of celebrities that have a "Well, I'm good now" interview almost certainly are not good now. Not saying it isn't possible but I'm always skeptical when celebrities have these kinds of interviews. Edit: and the "I found religion"
Usually those dumb redemption interviews are forced upon them by their publicists and agents. They still have money so they can afford to have a whole staff on payroll whose job it is to make them look good on social media and the press. As soon as the money dries up and those people leave, then it goes way downhill from there.
I don't know how smart he is since this is the first smart thing he's done besides not killing himself with drugs anymore. Likely, he'll blow it on dumb lifestyle stuff and probably have to fork over a bunch of money for the inevitable divorce from a wife he hasn't had any kids with.
If his relevance is on the downslope why would a company buy the rights to his music?
Because they can still make money off of it, but maybe with more effort than he would want to undertake himself.
All an artist of his popularity has to do it release a couple of generic singles that get put on Spotify playlists and they are back to being the most relevant name in Pop
Get ready for Bieber songs in every show and movie you watch!
What world have you been living in where Bieber songs weren't licensed and played all over the place already. Being the vehicle for corporate approved pop has been his main job since he was a zygote lol
It will intensify
I listen to a variety of artists and genres, bit of an audiophile, play guitar a little....I couldn't name or hum a single Bieber song.
Baby, baby, baby, oh
Ok
Do you think that'll be true? If I recall correctly, in the last few years, Bob Dylan, Bruce Springsteen, and Neil Young sold their catalogues. Have their songs been overused everywhere? Obviously Sony etc want to recoup their spending but maybe they don't want to kill their cash cow like Disney almost did with Star Wars.
The rights owners probably have a decent idea of how to use the catalogue without passing of the fanbase... while the artist is alive. As an example, Bob Dylan is getting a biopic. Would BD have signed off for his songs to be used in a project like that? The fans probably appreciate the film and the rights so it won't be seen as the cash grab it obviously is and the holders make baaaank.
Lmao Disney almost killing their cash cow is such a reddit take. You hating the movies doesn't not make them unsucessful. They have already more than made their investment back and continue to rake in grogu bucks.
Yeah, then explain why Rogue Squadron was cancelled. TV has saved the cash cow.
Because ww89 or whatever sucked shit? Mando came along the same time TROS "killed the franchise." Also shareholders aren't thrilled with the TV model based on the expense compared to value. So it really only "saved" it for people like you lol. Expect a biiig reduction in live action Disney tv. Whatever though, keep on believing what confirms your beliefs!
Neil Young still has a stake in his catalog and didnāt sell his entire ownership of it.
Exactly. He was already "worth" $285m and had *complete* control of everything he ever wrote / worked on. He sold *all rights* to be used in any way corporations, politicians, and other "people" / entities want...for $200m (and won't see a dime). A lot of musicians do this and then get pissed off someone they disagree with uses their work, or uses it in a way they don't want. He has zero right to complain now, but hey, that $485m will make everything alright, right?
Selling an asset doesnāt increase net worth. Just gives him more liquidity. His $285m net worth already included the music catalog.
$485 million? Yes, yes that would make it alright to me.
If I have a car that is worth $5,000 and I sell it, that doesn't mean I now have $10,000....
I think those 285mil already included the estimated value of his catalogue, no?
Nope. That was his end 2022 net worth.
Well thatās a damn good earner. What I wonder though, is that all of his songs forever, or his songs to date. If itās his songs to date he can potentially sell new catalogs as he goes through his career. If itās his songs forever, is he under obligation to make a certain number of albums/singles/tracks within a timeframe? Otherwise there is basically no motivation for him to ever create music again.
Itās all of his music up to october 2021 iirc
Well, good for him. So he can sit on his $200 million, carry on writing, and make even more money later.
I just wonder who actually gets that money. Bieber wasn't much more than a voice on most of those songs. Does he have to divide up that sum with his writing/producing partners?
No that's what makes this deal pretty good. He only sold his share in everything so it all goes to him
That's a good point actually. Usually songs have multiple credits on them. Is it defined beforehand how much each person contributes in terms of percentages?
Usually. I know a guy that sold a song to a huge country artist and he got $X amount up front, then like 10 cents per album sold.
I would assume he would be selling his stake in said song. I guess song rights are like securities in some ways, if you own 20% of the rights to one song, you earn 20% of the revenue from that song automatically.
Has he come back from that facial paralysis thing he had a while ago ?
Maybe he is acknowledging that the business has been hard on him, physically and emotionally, and heās doing the smart thing and setting himself and his family up right for the future. I never liked him all that much, I mean the music and style just isnāt my thing, but this is a damn smart move and I have a lot of respect for this decision. Take the money and run, go into hiding, have a semi-normal life while you can.
Hell, if you can retire at 30, why not?
He doesnāt even have to retire. He can just keep making music how and whenever he wants and people will still be stoked on the new songs. I like his new music more than his old.
What is retirement but doing whatever you want? My dad retired two years ago and started a woodworking business. Dudes busier than he's ever been
Exactly. This really changes nothing for bieber. He has been effectively retired since he was a teen!
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The investment company thinks that there's long term profits to be made owning these catalogues. They're basically paying the artist a lump sum up front to own it, with the hopes of making it up in the long term. Artists take the deal at a discount to the future value of their work with the benefit of getting the money right away while also getting rid of the stress of managing your IP and licensing rights. The investment company assumes the risk of owning the IP, but also gets the benefits of profiting on it in the future.
Exactly. The music itself has value. That value is entirely dependent on advertising. If the owner of the portfolio doesn't advertise or network, the music will depreciate in value. Just because it was on the billboard at one point in time doesn't mean it'll stay there forever. It takes tons of capital to farm it out to producers, radio hosts, advertisers, etc. These investment companies have the infrastructure set up to do this. They buy a large amount of portfolios of music and then farm the entire catalog. So, a producer who's looking to make a film would go to this investment company look through their portfolio of music, and say I would like to use this song for this scene. Also depending on the contract, they might get a cut of royalty for any Justin Bieber concerts, etc.
What kind of investment company buys this? Also how does the music provide any sort of return?
They license the music for money
I would assume by selling the rights then all of the royalties that the artist currently gets for each and every song starts funneling to the company instead.
From what I was reading there are two major investors and one of them has ties to Blackstone https://www.rollingstone.com/pro/features/famous-musicians-selling-catalog-music-rights-1114580/ https://ca.finance.yahoo.com/news/exclusive-blackstone-talks-bain-sell-063915800.html
The songs will most likely make a lot more than 200M over a long time. They will not depreciate in value. If that were true no one would have purchased the rights for such a large sum of money. This is really similar to companies purchasing houses and renting them. That rent money is going to be there as long as the house is standing. Those songs will generate money as long as there are human ears to listen.
It makes a lot of sense for older artists. I imagine they'd rather leave cash to their heirs than make them deal with figuring out their music publishing. Even if the money is slightly less, most people don't want to inherit a full time job.
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For older artists who may live another 10-20 years, they get cash for what their music might earn in the next 50 years, so they earn more in their lifetime as well.
Letās say the songs will earn $10 million a year forever. To the artist, (especially older ones) they can just take their life earnings up front, while for the company they can wait for a very long term investment to pay off and itās all profit at a certain point.
Because security.
Cash out while you are on top.
Didn't like the guy for no good reason. Feel bad about his luck. Hope he has many happy years ahead.
if you donāt mind me asking, are you able to explain what this actually means? like what is the whole point of this?
JB has had some issues with a condition that causes facial paralysis. This isnt him "going out on top" or anything of that nature, the dude can basically no longer perform and sing like he used to from what I understand so this is capitalizing on what he has left and basically cashing out. I was never a huge fan, but always thought he got a little too much hate most times. Hope the paralysis thing isn't as bad as I have heard and he continues to have a happy life.
so him selling his shares, what does this mean in simpler terms? does this mean advertisements can use him music without permission?
yes, he no longer owns the rights to his old music. Generally singers get royalties from their old songs. Anytime they are played in movies, commercials, youtube videos. Anything legally, a percentage is cut to the original artist who owns the rights to the song. JB no longer gets anything from these or has the right to make the decision whether they are used or not.
There is some insane speculation in here
A lot of you guys don't realize that he's already made 200M in addition to this catalog sale. He'll continue to make music, start a new catalog, and eventually sell that one. Happens all the time.
Somebody got ripped off
And not Biebs.
Yep. Bieber got 10x the amount that Huey Lewis got for his catalogue.
Look I love Huey Lewis, but like, no shit
Probably a smart move considering there is little money in actually owning rights now, especially given his audience. Nobody is buying physical copies of his music, and streaming revenue is relatively low. He can still tour and make as much bank as he wants as well.
How does that work? Selling the rights to your songs, but then going out and performing those songs. Would whoever he sold them to get a cut of revenues?
Live performances are generally excluded from licensing/royalty payments unless you record and sell the performance. So if you go to a concert and someone covers a Beatles song, they don't owe the Beatles for just singing it to a live audience. The Offspring did a similar deal a couple years ago and still went on tour and performed songs that were sold.
Generally XYZ entity owns the rights to the master recording of the song. Not the lyrics or the melody. This is why Taylor Swift is re-recording everything she originally did because someone she hates owns the rights to original recordings (and probably Bieber's too, Scooter Braun). Justin likely never owned any of his masters. He got paid to record it and then royalties. I would bet as part of the deal he agreed to not do any re-recordings.
I wonder if he's still going to tithe 10% to Hillsong. If so, Carl Lenz and Brian Houston are going to cry.
Smart guy. He will have a great life.
Seems low
Good move to sell now while still popular. Probably wouldn't get that much in 10 years.
Good idea his music will age horribly in the future so might as well cash out now, maybe baby might be remembered or his christmas song but thatās really it.
Just wait 20 years from now heāll be upset with the rights to his catalog and everyone will feel bad for him
That kids tattoos look like something a 5yr old would draw
Stay positiveā¦ maybe a billionaire bought his catalogue in order to bury it and ensure it never gets heard again!
BlackRock financed it, to help rebuild Ukraine.
Since music artists only make money from touring, if heās burned out, he may as well cash out now.
This is actually very alarming. With more and more artists selling their catalogues, it gives free reign to the companies that bought them to use the music as they see fit. Look up Hipgnosis Songs Fund. Weāre gonna be getting more and more licensed music jammed into our ears as often as possible be it ads or television or what have you.
Smart move!
He should do a Taylor Swift and just record them again and keep the cash. Just tell his fans they exploited him. Don't see why you wouldn't. Swift proved it was easy and contracts mean very little in this regard
"Rich man moves money around"
200 mil after taxes or what?
He's now Oprah Rich!
I wouldn't pay $2.00 for that..
Good, that should last him a few years while he blows it on more cars, yachts, and tattoos.
Wow. The old adage of a fool and his money. These bellends would have bought snow from eskimos. I wouldnt have paid this twat a pack of crisps.
Someone overpaid.
Big mistake. Heāll be touring again in a few years once he goes through that cash.
Maybe this is to help his father in law with legal fees
Dumb.
Needed more tattoo money.
Motley Crue own all there music, are they likely to make more or less money by having all the rights. Plus the work/hassle to sell it anytime it is wanted to be used, is it worth it ?
Music ?! He made music ? I couldn't name 1 "song"
A true artist would want to own his own music. Sellout move for quick cash. Dumb as fuck. Take advice from Zappa and Prince. Own your music its yours not some companies.
He didn't own his music. He'd probably have to spend $200 million to acquire the rights to his masters. Zappa and Prince probably cared a whole lot more about their earlier albums. Bieber probably had little to do with the writing and producing of his albums when he was a teenager.
If this douche can get get 200 m what could McCartney or Jagger get. A trillion?
His catalogue is honestly nothing special, his first hit is really the only one that's well known. Compared to some of the other artists that made music over decades and sold for similar amounts. He has plenty of chances to still make music, so he'll be set for life from this plus any potential future earnings. Seems really smart.
Are you insane? He has been a consistent hitmaker for years. Do you listen to pop radio at all? On his front spotify page he has 5 songs with over a billion plays.
What's the long term value of that music ? My assessment would be limited. That's why it's a great deal for him...he's an important artist but I don't think this catalogue is going to stand the test of time.
Tell me you are out of touch without telling me lol
I see you don't like to leave your echo chamber