Justin Timberlake sells his entire music catalog of 200+ songs for $100 million

[LeavinExhaleByYearEnd]

[MissSpearsSaysSo]

Like him or not, JT was one of the last big pop stars from the 2000s, he’s kinda the last of a dying breed. This is big news. 

[frederiickx]

1 hour ago, Haha-Hehe-Haha-Ho said:

Well after his buddy Ashton Kutcher made a fortune off being an early investor in Uber, he went through a phase (around Social Network movie era) of investing in many tech startups. I guess he fancied himsef a genius angel investor or something; The thing is, tech investing is very cash intensive and there's a high failure rate for startups. It's a very risky and competitive business enviornment, even for seasoned tech industry veterans so I wouldn't be suprised if his bets failed to pan out like they did for Kutcher.

Especially now that interest rights are rising, startups are the first to suffer liquidity issues due to lack of collateral. He's probably holding a basket of rotten eggs so he may be selling his catalog out of sheer desperation.

I remember when he literally bought Myspace when it had already burned to the ground. Such a dumb decision and he for sure lost money on that deal.

[frederiickx]

I don't really get how any of this works, but congrats to him. Britney could absolutely get WAY more than that for her catalog.

[Juleeta]

Leave the business, retire to Montana and raise your kids. You have enough money to live the rest of your life. Wise move. Let your wife go out and act for a while.

[jordeezy river red]

This is the future of music - an artist records their songs and sells them to a tech company to create a hologram to "perform" it

[Korb]

He's clearly stepping away from music. Honestly, he seems a bit young at only 41 though. Guess he's just lost interest...as people have lost interest in him

[filmandstage13]

That’s… a lot 

[Moscow]

4 hours ago, PickleSpears said:

What does that really mean? They can do what they want with his music without his permission?

Yes, if he sold 100% rights to his music then they can do anything mainly how dead acts estate work now. Dolly is also under works but don't want to sell all the rights for her music, considering she has no kids she has been thinking to do it. 

If Justin sold everything then 100M is an amazing deal, company will make money in pieces in near future. 

[PablitoXS]

Why so expensive?

[A.a.A]

1 hour ago, MissSpearsSaysSo said:

Like him or not, JT was one of the last big pop stars from the 2000s, he’s kinda the last of a dying breed. This is big news. 

Not really.. this essentially means nothing.

He just sold the rights to his catalogue, he will still be able to perform and earn money from revenue and such. Just now it will be split.. depending on the deal that was struck.

A lot of artists do this. It also creates more exposure for the music. This really means nothing.

[PokemonSpears]

3 hours ago, Britney'sBish said:

That seems like a dumb move to me.

Did he need a quick cash in or something?

I don't now why people are making a big deal out of this.

Many artists have been doing this in the past years,  from Bob Dylan to Shakira to Blondie, Mark Ronson, Barry Manilow, Neil Young, etc. 

 

You can see it as a quick cash, but it's probably more or about the same they would make out of those songs in their lifetime, so they rather just get the money already. At first it was done by older artists like Bob Dylan for example, in a sort of "I rather enjoy all the royalties now before I pass" but it's more and more common that younger artists and bands start doing it nowadays, or late artists like Bob Marley. 

People like Shakira or Justin Timberlake can keep creating more music in the following years anyways, or other endeavors, but meanwhile they already got their cash for their biggest hits instead of waiting until they're 80 or 90 to see that sum. 

Sometimes it's not the artist's decision though, like in the case of Taylor Swift (the whole reason why she started re-recording her songs again) 

[PokemonSpears]

23 minutes ago, A.a.A said:

Not really.. this essentially means nothing.

He just sold the rights to his catalogue, he will still be able to perform and earn money from revenue and such. Just now it will be split.. depending on the deal that was struck.

A lot of artists do this. It also creates more exposure for the music. This really means nothing.

yeah they basically give up control on the rights of the music, like if someone wants to use a song for a movie, a videogame, a show, a cover, a sample, etc, they just don't handle that anymore, nor won't get any extra money out of it in form of royalties (unless it's specified in the deal as you said), but they already got their compensation all at once.

I don't know how much money they end up making out of sales and streams these days, but based on calculations of what they would earn from now until they pass away, it probably would be about the same, or who knows, but they end up taking the risk of maybe getting less than what they would've made in their lifetime, but in exchange they get to enjoy the money while they're alive, and maybe use it for other businesses, investments, etc. 

Now it's up to the companies that are buying these, like Hipgnosis Songs etc, to make the most out of these hundreds of catalogues they're buying. 

[PokemonSpears]

40 minutes ago, Korb said:

He's clearly stepping away from music. Honestly, he seems a bit young at only 41 though. Guess he's just lost interest...as people have lost interest in him

that's not necessarily true.

Many artists have sold their catalogues, and they continue to perform and make new music, like Shakira or Mark Ronson. 

These deals don't include the future music they can make. 

[Fabricio Alex]

why would he do that?????? 

[princessmimi]

Wow im shocked!

Does this mean he's quitting his music career?

[SlayOut]

The way we’re going to be bombarded with JT songs in the grocery store and gas station now

[ObsessedBritFan1]

Probably a good move. You know what those vultures did to Britney, Marilyn, Michael Jackson, Justin Bieber etc... 

Take the cash and split. See ya later psychos

[bitbitboi]

I first heard about a move like this with Shakira not long ago, and I was SHOCKED to the core..... Then I was like whatever, she already milked those songs anyway, it's part of global culture now, and she can keep working on new stuff anyway.

But what about Britney? Do you have to have WRITTEN the songs to be able to sell them like Shakira or Justin did?

[Shweetheart4012]

Divorce is coming