Posted on 01/25/2023 5:55:55 AM PST by Enlightened1
Justin Bieber has sold all his peaches.
The 28 year old pop star becomes the youngest of all music performers to sell the entire rights to his songs. The buyer is Hipgnosis, the very hot firm that has bought out catalogs of much older stars for more money and with more material. Universal Music Group will own Bieber’s master recordings. But all the songs like “Peaches” and “”Love Yourself” will be owned by Hipgnosis, including parts of songs he wrote with other people.
The price is $200 million, which after taxes and paying all the lawyers involved, and maintaining Bieber’s lifestyle, is not a lot.
This deal is surprising because it suggests a couple of things: that Bieber’s touring and recording future are question marks. The singer has cancelled many tours and pieces of tours because of exhaustion, and also because of medical issues like face paralysis. He’s conceded that he suffers from depression.
(Excerpt) Read more at showbiz411.com ...
Very smart move. Retire in comfort at 28 years old. Some savvy investments should produce a great lifestyle.
$200 million for HIS music? That’s like stealing!
> what the hell is the wording (world) coming to when $200 is “not a lot”
Well, cut it in half at least, and that pretty much rules out the personal private jet. He might have to resort to time shares with some other “no so much billionaires”.
“The 1980’s method of calculating CPI (see Shadowstats) and the Chapwood index both put real inflation in the U.S. at about 14%”
Gotta invest internationally now. Like jumping rocks across a raging river.
My best deal so far was a Thai investment bank that got bought out. Returned 140% dividend two months after purchase than bought out in a merger for another 500% return.
This is what they do.
Willie Nelson, On the road again and 89 years old. I saw Bob Dylan last year, he’s 81.
It doesn’t mean he doesn’t get paid for his songs. It means that he no longer controls where they can be used.
Each one of those buyouts has detailed clauses about future fees.
Picturesque analogy!
I probably hear one or two “classic” Springsteen songs every week. I wouldn’t know a Bieber song if you strapped me to a chair and put a gun to my head.
His stuff is disposable.
Smart kid...
Inflation is very difficult to measure accurately (even if you are making an honest effort at it).
The reason is because consumers will adjust their expenditures toward items with lower cost increases and away from items with higher cost increases.
Obviously there are many expenses that cannot be avoided—but there are many that can be.
One good example is vacations—folks can take cheaper ones or not take them at all.
Autos—one can buy a new one or keep driving around the old one a few years longer.
University—go for a state school instead of a private school
etc etc etc.
As consumers “trade down” they lower their own costs below the “rate of inflation”.
If he’s now smart enough to straighten up and fly right, this could be a good thing.
Since becoming a born-again Christian, Bieber seems to have reined himself in quite admirably. He may be smarter than he looks.
I assume he has health issues. His only reason for owning his library is to tour. But if he does not think he will be able to tour in the future, he might as well sell the songs now and invest in the market. Even if he sings at small venues, its better to sell now while the songs are still known.
I assume he has realized that touring is inconsistent with a healthy lifestyle. And selling your song book allows you to change your lifestyle, have a steady flow of cash, and maybe have a family. Or just live to a ripe old age.
He’d have to pay me 200 million to play one of his songs. Or at least buy me a nice Selmer Series III tenor.
Todd for him the entertainment industry is a total cesspool at 28 and plenty of money maybe he can have a NORMAL life I wish him the best!!!
Todd = GOOD GEEZE!!!
LOL. Perfect!
I recently had a similar exchange with one if my kids regarding Taylor Swift. I said that I couldn't name a TS song and asked her how many she could name. She rattled off about a dozen before telling me she wasn't really a fan. Lots of people listen. Just not us.
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