Justin Timberlake sold his entire song catalog to a Blackstone-backed management company, joining a wave of recent mega stars who are selling the rights to their music for big bucks.
London-based firm Hipgnosis Song Management announced Thursday the purchase of all the singer's copyrights on tracks he wrote or co-wrote -- a total of around 200 songs, according to Hipgnosis CEO Merck Mercuriadis.
Among JT's No. 1 hits now under their control include "SexyBack," "Can't Stop the Feeling" and "Mirrors."
The dollar figure behind the deal has not been disclosed, but people familiar with the matter have it valued upwards of $100 million, according to the The Wall Street Journal.
Timberlake's music collection spans over 20 years. The singer found fame in 1995 as a member of boy band phenomenon NSYNC.
The sale took over a year to close, according to Mercuriadis, and is part of a rising trend of megastars selling their music catalogs who include the likes of Bob Dylan,
Bruce Springsteen, Neil Young and Stevie Nicks. At 41 years old, however, Timberlake is younger than the other musical icons inking deals.
Timberlake is not alone among younger stars getting immediate payouts for their younger work with Hipgnosis.
The Chainsmokers, an electronic music hit maker duo, sold their catalog to the firm in 2019, and Shakira struck a deal with Hipgnosis in January.
"These are not only some of the most culturally important songs and extraordinarily successful songs of the last 25 years, but they're going to continue to be so for decades and decades to come," said Mercuriadis.
"Justin's incredible catalogue will join other amazing works at Hipgnosis which we know will serve as a great steward of his work," David Lande and Mitch Tenzer of Ziffren Brittenham LLP, Timberlake's lawyers, said in the press release.
"I want Justin to be proud to be standing next to Nile Rodgers, and I want Nile Rodgers to be proud to be standing next to Neil Young, and I want Neil Young to be proud to be standing next to Chrissie Hynde,