Justin Timberlake is following the growing tendency of music stars to relinquish their discography rights for astronomical sums.
Justin Timberlake sold the copyright to all of his songs for an estimated $ 100 million.

London-based Hipgnosis Song Management has announced that it has acquired all of the singer's copyright to songs he has written or co-written - a total of about 200 songs, according to Hipgnosis CEO Merck Mercuriadis.

 
Justin Timberlake's No. 1 hits that are now under the control of the company include "SexyBack", "Can't Stop the Feeling" and "Mirrors".

The amount of the deal has not been announced, but sources familiar with the matter estimate that Justin Timberlake will receive more than $ 100 million, according to the Wall Street Journal.

Justin Timberlake became famous in 1995 as a member of the boy band - NSYNC phenomenon. Following the band's international success, he embarked on a solo career, releasing five albums and 40 singles.

Justin Timberlake - FutureSex / LoveSounds
The deal took more than a year to complete, according to Merc Mercuriadis, and is part of a growing trend of big music stars such as Bob Dylan, Bruce Springsteen, Neil Young and Stevie Nicks selling copyright of their songs.

"Many of the artists who sell their recordings reach a point in their lives where they plan their legacy, somehow plan for the future, and they are at a point in their lives where it makes sense to sell their music to secure the future. for their families, "Hannah Karp, Billboard's editorial director, told CNN.

"In the case of these younger songwriters, they are trying to reduce the risk to their future," Merc Mercuriadis told CNN Business.

"They want to be in a situation where they can make music purely for purposes that will continue to be based on what they want to do, as opposed to what they have to do for money," he added.

Other artists who have signed with Hipgnosis include Red Hot Chili Peppers, Journey, Blondie and Neil Young.

Hipgnosis, created by legendary music manager Merc Mercuriadis, who has collaborated with artists such as Beyoncé, was listed on the London Stock Exchange in July 2018.

Since then, the company has been constantly offering huge sums of money to acquire the rights to the greatest songs of all time.