Justin Timberlake has sold his entire song catalogue in a deal reportedly worth $100million.
The hitmaker, 41, is partnering with Hipgnosis Song Management, a $1 billion fund supported by the private equity firm Blackstone, according to The Guardian newspaper.
‘I am excited to be partnering with Merck and Hipgnosis – he values artists and their creative work and has always been a strong supporter of songwriters and storytelling,’ he shared.
‘I look forward to entering this next chapter,’ Timberlake added in a press release on Thursday.
Hipgnosis Song Management offer investors the chance to earn royalties from the work of a diverse range of artists such as Barry Manilow and Beyonce.
The deal between the former NSYNC star and the management company gives them 100 percent control and ownership over his stake in more than 200 songs he has been involved in writing.
The founder and CEO of Hipgnosis, Merck Mercuriadis said: ‘Justin Timberlake is not only one of the most influential artists of the last 20 years but he’s also one of the greatest songwriters of all time.’
‘His hit songs including “Cry Me a River”, “Rock Your Body”, “SexyBack”, “My Love”, “What Goes Around… Comes Around”, “Suit & Tie”, “Mirrors” and “Can’t Stop the Feeling” are amongst the most iconic of the period.’
According to Mercuriadis, the sale took over a year to close, and is the third one finalized by Hipgnosis Song Capital in 2022.
This year the company also snapped up the late singer-songwriter Leonard Cohen’s share of catalogue and 80 percent of the royalties of country star Kenny Chesney.
Timberlake’s music collection spans over 20 years, and his solo career includes five studio albums and 40 singles.
The singer – who shares sons Phineas, two, and Silas, seven, with his wife Jessica Biel, 40 – first found fam as a member of boy band NSYNC, in 1995.
The band, which consisted of Joey Fatone, 45, JC Chasez, 45, Chris Kirkpatrick, 50, and Lance Bass, 43, broke up in 2002.
