What Did Justin Timberlake Do? Pop singer Justin Timberlake has sold his music catalog to Hipgnosis Music funded by Blackstone. Hipgnosis is an investment company in the United Kingdom.
Showbiz 411’s recent article entitled “Justin Timberlake Sells Music Catalog Rights, Youngest So Far of Songwriters to Cash In” reports that the 41-year-old Timberlake is the youngest of all songwriters to sell his catalog in its entirety.
Bob Dylan, Bruce Springsteen, Sting, and many songwriters have recently sold the rights to their songwriting catalogs and even recordings to big money endeavors. The result is a check of $100 million to $500 million.
The artist no longer receives royalties, and instead, they get the lump sum. The new owner can then use the music as they like, frequently aggressively placing the music in commercials, movies and other projects for big licensing fees.
The average age of the artists who’ve done this is 70, so Timberlake isn’t of that generation. However, his recent song deal is an indication he would like his money now, rather than wait until he’s 70 and retired.
Justin has his name as a co-writer credit on all his solo material, including his biggest hit, “Can’t Stop the Feeling.”
Timberlake is also not a prolific songwriter. He hasn’t released an album of new material since 2018’s Man of the Woods. His back-to-back smash hits, “20/20,” Volumes 1 and 2, came in 2013.
The singer is married with two small children, so he obviously has an eye on financial independence and estate planning.
Hipgnosis has been very aggressive in the last few years, with a major investment from Blackstone to buy up catalogs.
In the late 1990s, Justin rose to fame as one of the two lead vocalists and youngest member of NSYNC. That group eventually became one of the best-selling boy bands of all time.
Don’t be surprised if we start hearing all his songs pitching various products, like a new convertible or mouthwash.
What did Justin Timberlake do?- Law Offices of Claude S. Smith, III
Reference: Showbiz 411 (May 26, 2022) “Justin Timberlake Sells Music Catalog Rights, Youngest So Far of Songwriters to Cash In”
Legal problems are extremely stressful, especially when your family, your health, or your freedom are at stake. At this point in time, you may not even be sure what kinds of questions you need to ask a lawyer, but that’s entirely normal. Whether your situation involves family law, estate planning, elder law, a criminal charge, or a personal injury, we will start by giving you all the information you need.
The way we see it, you deserve to get this information directly from an expert. That’s why we make it easy for you to get in touch with your lawyer, and we never ask you to sit down with a paralegal or assistant instead.
As our relationship continues, we will keep you updated about the status of your case every step of the way. Your lawyer will reach out regularly to tell you about any new developments, and he will also be happy to answer any questions you have throughout the process.