Justin Timberlake Sells His Music Catalog In Deal Worth $100 Million

Justin Timberlake has just added $100 million to his bankroll. According to Music Business Worldwide, he's become the latest musician to sell his music catalog. Timberlake sold 100% of his “copyright, ownership and financial interests of the Writer and Publisher’s Share of Public Performance income, and the catalog of musical compositions” to Hipgnosis Song Management. The song management firm reportedly paid in cash.

The agreement includes copyrights of approximately 200 songs that Timberlake wrote or co-wrote.

The private equity firm will have the musician's hit songs including "SexyBack," "Can't Stop the Feeling" and "Mirrors" under their control.

Though the financial terms of the deal were not disclosed, it's estimated to be worth just over $100 million, people familiar with the matter told The Wall Street Journal.

"I am excited to be partnering with [Hipgnosis founder and CEO Merck Mercuriadis]," Timberlake said in a statement. "He values artists and their creative work and has always been a strong supporter of songwriters and storytelling. I look forward to entering this next chapter."

In addition to his entire music catalog, Hipgnosis will also own Timberlake's copyright, ownership, and the financial interests of the writer and publisher's share of the star's public performance income going forward.

"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," said Merck Mercuriadis, founder and CEO of Hipgnosis Song Management, in a press release. "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."

"Putting this deal together has been a complete labor of love," he added. "I'm delighted to welcome them all to the Hipgnosis Family. This is the beginning of what we believe will be an incredible relationship important to us all."

Timberlake also shared that he was looking forward to "entering this next chapter" of his career.

Hipgnosis has rights to the remaining Universal Music Rights term, which expires in 2025. Timberlake has sold over 150 units in his career, including 88 million as a solo act and 70 million as a member of NSYNC. He currently has 26.5 million Spotify listeners and 6.4 billion video views on his YouTube, closing on 10 million followers.