The Hypnosis Song Management Company now owns 100 percent Justin TimberlakeIts music catalog.
On Friday, Hypnosis announced that it had “bought all of Justin Timberlake’s copyright, ownership and financial interests of the author and publisher as part of the public performance proceeds.” And a catalog of musical compositions written by Justin Timberlake. Universal Music is subject to the remaining administrative rights, which expire in 2025. “
Justin’s music sales are currently over 150 million. That includes 88 million as a solo artist and 70 million with NSYNC. At the moment, Justin is sitting with 25.6 monthly Spotify listeners with 6.4 billion video views. He is slowly coming close to 10 million subscribers on YouTube.
“I’m excited to be partnering with Mark and Hypnosis. He values artists and their creative work and has always been a strong supporter of lyricists and storytellers, ”said Justin. “I look forward to entering this next chapter.”
The purchase made by Hypnosis was made in favor of Blackstone-backed Hypnosis Gun Capital (Hypnosis Gun Capital ICAV). “HSP” is a partnership between Hypnosis Song Management and a fund run by private equity firm Blackstone.
“Justin Timberlake is not only one of the most influential artists of the last 20 years, but he is also one of the greatest lyricists of all time,” said Mercuriadis, CEO of Hypnosis. “Cry Me a River,” Goz Around … Comes Around, his hit songs including “Suit and Tie”, “Mirrors” and “Can” are the most iconic of all time.
Hypnosis has become a significant buyer of music catalogs. They had earlier closed the deal with hits performed by Neil Young and Rihanna and Shakira.