Canadian-American singer Justin Bieber no longer owns record-breaking pop hits from "Baby" to "Sorry" after selling the rights to all his early career music.
Bieber's six albums, which includes his most recent album "Justice," are already sold to a UK-based music investment company, Hipgnosis.
The 28-year-old pop star is the youngest among the top singers like Sting, Bob Dylan, and Shakira who sold rights to their catalogs for massive sums.
Hipgnosis now owns Bieber's publishing rights, songwriter's ownership, master recordings, and all rights of his entire catalog of recordings made through 2021, covering a total of 290 titles, including his hit songs "Peaches” and “Beauty and the Beat” which the singer has been releasing since he was 13.
Regarding the financial details which have not been disclosed, Billboard Magazine reported that the value was worth an estimated $200 million dollars.
Meanwhile, the Recording Industry Association of America has awarded platinum or multiplatinum certification to all six of Justin Bieber's official studio albums, and 33 of his singles have received the same rating globally.
A single or album that sells one million or more copies is certified platinum, and albums or other works that sell two million or more copies are certified multi-platinum.
With 69 million monthly listeners and more than 30 billion streams, Bieber is the sixth most-listened-to musician in the world on Spotify. More than 2.9 billion people have seen his song "Baby" on YouTube.
