Tag: scooter braun

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Justin Bieber Sells Entire Music Catalogue For 200 Million

Justin Bieber Music Catalogue Sold For 200 Million
Justin Bieber. Image source: by Lisa O’Connor, AFP.

Justin Bieber became world famous at only 12 years old. 16 years later, he made a fortune. But at what cost?

Justin and music IP investment company, Hipgnosis Songs Capital, have struck a deal. The company has purchased 100% of all of Justin Bieber’s publishing, music catalogue, and the rights to it. 

Give & Take

According to a Variety report, the European company owns Beiber’s discography of over 290 songs. In addition to this, Hipgnosis acquired all of the artist’s master recordings.

Justin Bieber has been a massive hitmaker for over a decade. He first got his start as a teen heartthrob mainly marketed towards young girls and has flawlessly matured his sound over the years. 

Some of Bieber’s biggest and most lucrative hits include “Baby” with Ludacris, “Boyfriend,” and “Sorry.” The artist’s songs, hundreds of recognizable tracks, and all future revenue from them are now under complete Hipgnosis’s ownership. It should go without saying it was a massive deal for the UK investment company.

Justin Bieber Is Speaking To The Press

A longtime friend of Beibers and entertainment manager Scooter Braun typed up a press statement detailing his feelings on today’s deal. “For over a decade now, Justin Bieber has entertained us and moved us with some of the biggest songs in the world.” He began.

“I’m so proud of him and all those involved over the years in helping amass this incredible body of work. Justin is truly a once-in-a-generation artist, and that is reflected and acknowledged by the magnitude of this deal.”

The CEO of Hipgnosis, Merck Mercuriadis, made his own statement regarding Justin’s music acquisition. “The impact of Justin Bieber on global culture over the last 14 years has truly been remarkable.” He noted. “This acquisition ranks among the biggest deals ever made for an artist under the age of 70; such is the power of this incredible catalog that has almost 82 million monthly listeners and over 30 billion streams on Spotify alone.”

Interestingly enough, Justin Bieber himself has not made a public statement about the music catalogue sale. For now, it’s still a bit mysterious as to why the artist sold his music rights. 

Typically artists like Taylor Swift and Prince do the opposite and spend years of their careers fighting labels and courts to obtain legal ownership. Until Bieber comes out himself, it appears the big sale will remain a mystery.

Written by Dreema Carrington

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The Kid Laroi Joins the Scooter Braun Roster

The Kid Laroi Joins the Scooter Braun Roster

The rising artist signs with manager Scooter Braun.

The Kid Laroi joins Justin Bieber, Ariana Grande, Demi Lovato, J. Balvin, and more under the management of Scooter Braun. The Australian breakout artist was previously signed to Grade A Productions, where he collaborated with fellow client Juice WRLD. Juice WRLD was one of the first to see the young artist’s potential and even became a mentor figure for him before his death in late 2019.

The Kid Laroi
The Kid Laroi and Justin Bieber via Instagram (2021)

The Kid Laroi is becoming a more familiar name every day.

Since his breakout success in late 2020, the 17-year-old musician has gone to collaborate with Miley Cyrus and Justin Bieber. The Kid Laroi credits his inspiration to Justin Bieber, having seen Never Say Never in theaters when he was 7. He recently performed his song “Without You” with Miley Cyrus on Saturday Night Live and the Tonight Show with Jimmy Fallon.

Scooter Braun was among many management labels to quickly recognize the musician’s current and future success. His latest album, titled “F*** Love,” features many big names and is a true showcase of his talent. Despite still being in his teen years, The Kid Laroi has not been afraid to reveal his hardships and drive to be a successful musician.

We can’t wait to see what this young artist does next!

https://www.youtube.com/watch?v=6nbXBeYY1Po

Written by Hannah Botnick (IG: @hcbotnick)

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Scooter Braun Facing $200 Million Lawsuit

Scooter Braun

Scooter Braun is hit with a fraud lawsuit over a private equity fund

Scooter Braun is the manager for the familiar names of Justin Bieber, Ariana Grande, Demi Lovato, and more. He most recently signed The Kid Laroi to his record label, Schoolboy Records.

Scooter Braun and Ariana Grande
Scooter Braun and Ariana Grande the One Love Manchester benefit concert, 2017

Peter Comisar, Vice Chairman of Investment Banking at Guggenheim Securities. In 2016, Braun attempted to recruit Comisar to join the private equity fund he was establishing. Before working for Guggenheim Securities, Comisar had spent two decades at Goldman Sachs. Comisar claims to have agreed on a three-year deal with Braun and the firm.

In April 2018, Comisar claimed that Braun all financial commitments and funding to the equity firm. This came after Braun reported the potential for raising $500-$700 million from billionaires within the entertainment community. A formal complaint states that Braun believed he did not need to be responsible for his contractual obligations because it was common for entertainment figures to dishonor these obligations.

Braun has pushed the lawsuit into arbitration. He alleges that the fault is not on him. Instead, he claims Comisar committed to raising $250 million for the equity fund startup, but failed to do so. Braun claims this was due to a lack of investors, which Comisar had failed to acquire.

Scooter Braun

 

“Braun turned out to be a sheep in wolf’s clothing”

It seems that as details of the case progress and become available to the public, that Braun and Comisar are at odds and believe that the other did not make his promised contribution to the startup fund. As a result, the arbitration of the $200 million lawsuit contains a series of name-calling, personal attacks, and arguments over financial and personal contributions.

Comisar is not the first employee of Scooter Braun to have complaints. Previously, Taylor Swift has made several statements regarding the poor treatment she received from Braun in her time working with him and how he prevented her from having access to the rights and sales of her music.

In conclusion, it seems that Braun’s behaviors amongst his employees are forming a pattern of lawsuits, complaints, and hot water. What will happen next?

Written By Hannah Botnick (IG: @hcbotnick)