Saturday, May 25, 2024

Justin Timberlake Sells Music Catalog Rights, Youngest So Far of Songwriters to Cash In

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Justin Timberlake is cashing his chips in at the window.

Timberlake has sold his music catalog to Hipgnosis Music funded by Blackstone. Justin is only 41, making him the youngest of all songwriters to sell his catalog in its entirety.

In the last year we’ve seen Bob Dylan, Bruce Springsteen, Sting, and many others sell the rights to their songwriting catalogs and even recordings to big money endeavors. The result is a pay out of anywhere from $100 million to $500 million. The artist no longer receives royalties, they get the lump sum. Then the new owner goes out and aggressively places the music in commercials, movies, and other projects for big licensing fees.

The average age of the artists who’ve done this is 70 years old. Timberlake is not in that generation. But his sale is a sign that hed like his money now, please, rather than wait until he’s 70 and there is no more business. Justin has his name as a co-writer credit on all his solo material, including his biggest hit, “Can’t Stop the Feeling.”

Justin is also not prolific. 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. Married, with two small children, he obviously has an eye on financial independence and estate planning.

Hipgnosis has been very splashy in the last couple of years, especially using a huge investment from Blackstone to buy up catalogs. There have been whispers of some quiet changes within the company recently, but so far their ship keeps sailing with confidence.

As for Justin, it won’t be long before we’ll be hearing all his songs pitching various products. One of his hits was called “Sexy Back,” and soon we’ll hearing some product is ‘bringing sexy back.’ It could be a car, a liquor, or a detergent!

Roger Friedman
Roger Friedmanhttps://www.showbiz411.com
Roger Friedman began his Showbiz411 column in April 2009 after 10 years with Fox News, where he created the Fox411 column. His movie reviews are carried by Rotten Tomatoes, and he is a member of both the movie and TV branches of the Critics Choice Awards. His articles have appeared in dozens of publications over the years including New York Magazine, where he wrote the Intelligencer column in the mid 90s and covered the OJ Simpson trial, and Fox News (when it wasn't so crazy) where he covered Michael Jackson. He is also the writer and co-producer of "Only the Strong Survive," a selection of the Cannes, Sundance, and Telluride Film festivals, directed by DA Pennebaker and Chris Hegedus.
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