Justin Bieber is in the works of closing a music deal that will make him richer than he already is-about $200 million times richer.
Bieber is making money moves by selling all six of his studio albums, including numerous singles and collabs throughout the years.
According to reports, the "Baby" singer is selling his music catalog to Hipgnosis Songs Capital for a price tag close to $200 million, and when the deal closes, this will be the company's largest music-rights acquisition deal.
A source noted to Variety that the deal is actually not done yet, and Bieber's music will still be administered and owned by Universal when it's done.
This nine-figured deal comprises the Canadian singer's publishing and recorded music catalog, however, Wall Street Journal also noted that these transactions are now becoming harder to close.
Trouble?
While there are no official reports about Bieber's status, health and career-wise, many suggest that he is not in a great place in either of those.
This might be because of his illness, Ramsay Hunt syndrome. According to the Mayo Clinic, the syndrome may happen when a shingles outbreak affects the facial nerve.
The "Mistletoe" singer revealed this to his fans, who were highly anticipating his tour. "Earlier this year, I went public about my battle with Ramsay Hunt syndrome, where my face was partly paralyzed,"
"As the result of this illness, I was not able to complete the North America leg of the Justice Tour."
Bieber's "Justice" World Tour, which was supposed to have a 2022 run, was pushed back and is now slated for 2023.
The tour's Instagram account announced that it ended in Rio, but the remaining dates will be put on hold, with less than a month left before 2023 comes along, there is still no word on when Bieber is heading back on tour.
Bieber hails from London, Ontario, Canada, and rose to prominence in 2008. He became one of the most famous teen artists of his time, and his song "Baby" became one of the highest-certified singles of all time in the US.
The singer has received numerous awards and accolades throughout his career, with diamond certifications from the RIAA for his hit songs "Baby," "Sorry," and "Despacito"
In 2011, he was included in Time magazine's 100 most influential people in the world, and was also named in Forbes' list of the top 10 most powerful celebrities for consecutive three years.
His music has earned him Grammy Awards, Latin Grammy Awards, Juno Awards, Brit Awards, Billboard Music Awards, and American Music Awards.
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