Justin Timberlake Sells His Music Rights for $100 Million

Singer Justin Timberlake has sold the rights to his music catalog for $100 million to the British company Hipgnosis Songs Management, as reported by The Wall Street Journal, citing sources.

According to insiders, the deal was made on behalf of Hipgnosis Songs Capital, a joint venture between Hipgnosis Song Management and the Blackstone investment fund. At the same time, the agreement does not affect the artist's future work. Timberlake stated that he is "excited" about the prospect of future collaborations. The musician assured that he eagerly anticipates opening a new chapter in his life.