Canadian pop star Justin Bieber has reportedly sold the rights to his music catalog in a deal valued at $200 million, according to a report from TMZ.
The sale is said to have been driven by alleged financial difficulties, although no official confirmation has been provided by Bieber or his management team. TMZ also noted that Bieber’s former manager, Scooter Braun, was reportedly against the sale, citing potential tax implications as a concern.
Despite the warning, Bieber allegedly went ahead with the transaction.
The move has stirred discussion across the music industry, highlighting ongoing changes in how artists manage their catalogs and long-term earnings.
As of now, neither Bieber nor his representatives have commented publicly on the report.