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Hipgnosis Song Management Acquires Justin Timberlake's Catalogue
by Pete Jones
May 26, 2022 at 4:20 AM (PT)
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HIPGNOSIS has acquired the song catalogue of singer, songwriter, record producer and actor JUSTIN TIMBERLAKE. 100% of all of TIMBERLAKE's copyright, ownership and financial interests of the Writer and Publisher’s Share of Public Performance income, and the catalogue of musical compositions written by TIMBERLAKE. Also included in the sale to HIPGNOSIS are the worldwide administration rights to the compositions, subject to the remaining term of UNIVERSAL MUSIC’s administration rights which expire in 2025.
The WALL STREET JOURNAL reports that the deal is valued at over $100 million and does not include future TIMBERLAKE releases.
TIMBERLAKE has seen worldwide sales in excess of over 150 million with 88 million as a solo artist and 70 million with NSYNC. The MEMPHIS-native has won 10 GRAMMY awards, 11 MTV VMAs, 20 ASCAP Pop Music Awards, 9 BILLBOARD Music Awards, and many others over his career.
TIMBERLAKE is represented by managers RICK YORN, JOSH DEMBLING at LBI ENTERTAINMENT and JOHNNY WRIGHT at WRIGHT ENTERTAINMENT GROUP and attorneys DAVID LANDE and MITCH TENZER at ZIFFREN BRITTENHAM LLP.
HIPGNOSIS Founder and CEO MERCK MERCURIADIS commented, "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. 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 labour of love for JUSTIN, RICK, DAVID and myself and 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 added, "I am excited to be partnering with MERCK and HIPGNOSIS – 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."
YORN said, "MERCK has a true love for music. His passion is infectious and inspiring. We are so excited to enter this new chapter with MERCK and his team."
ZIFFREN BRITTENHAM LLP's LANDE and TENZER added, "JUSTIN's incredible catalogue will join other amazing works at HIPGNOSIS which we know will serve as a great steward of his work. We look forward to a great partnership between JUSTIN and HIPGNOSIS."