Justin Bieber ‘nears $200million deal to sell music catalogue rights’

Justin Bieber is reportedly nearing a $200million deal for his music catalog (Picture: Getty)

Justin Bieber is set to close a deal worth $200million for his entire music catalog rights, it has been claimed.

The singer has released a string of chart-topping hits including Baby, Stay, Yummy and Sorry throughout his incredible career.

According to reports, the 28-year-old is in the process of finalizing the sale of his catalog to Hipgnosis Songs Capital.

Wall Street Journal reports that this will include all of his six studio albums – including 2021’s Justice – as well as his singles and collaborations.

If the deal goes through, it will be the biggest acquisition in the company’s history, and comes after they reportedly purchased Justin Timberlake’s catalog rights.

Justin has yet to speak out over the reports.

Justin has released six studio albums so far (Picture: Getty)

The musician made headlines earlier this week when he took aim at H&M over a collection they released, featuring his image and lyrics.

He slammed the merchandise on Instagram, claiming that he never approved of the products, and urged his fans not to buy any of it.

‘I didn’t approve any of the merch collection that they put up at H&M,’ he penned on his Story.

‘All without my permission and approval SMH I wouldn’t buy it if I were you.’

The Sorry singer recently took aim at H&M on Instagram (Picture: FilmMagic)

‘The H&M merch they made of me is trash and I didn’t approve it don’t buy it,’ he added in a separate message.

The merchandise is thought to have featured hoodies and other garments with Justin’s face and lyrics from his song, Ghost.

The company has since confirmed to Metro.co.uk that they decided to axe the collection out of ‘respect’ – but insisted they followed ‘proper approval procedures’.

‘As with all other licensed products and partnerships, H&M followed proper approval procedures,’ a spokesperson told Metro.co.uk.

‘But out of respect for the collaboration and Justin Bieber, we have removed the garments from our stores and online.’

Metro.co.uk has contacted reps for Justin Bieber and Hipgnosis Songs for a comment.

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