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Justin Bieber sells the rights to his music catalog for $200 million

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Justin Bieber sells the rights to his music catalog for $200 million, Magnate Daily
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Steph Deschamps / January 25, 2023

Canadian singer Justin Bieber has sold the rights to his music catalog to Hipgnosis for $200 million, following a long list of artists, such as Bob Dylan or Bruce Springsteen, who have given up their repertoire, the management company and a source close to the case said.
 
Hipgnosis has acquired Justin Bieber’s entire share of his publishing rights (including the author’s share of the performance), master recordings and related rights for his entire catalog,” announced Hipgnosis, the music rights management company that already owns the Red Hot Chili Peppers. Hipgnosis did not communicate an amount.
 
The Wall Street Journal had mentioned a sum of about 200 million dollars in December, confirmed Tuesday to AFP by a source close to the case. The repertoire includes more than 290 titles released before December 31, 2021, including his biggest hits “Baby”, “Sorry” and “Love Yourself”.
 
This transaction is the latest episode in a long series of buyouts of copyrights or publishing rights of dead or living artists’ catalogs, but considered timeless, which have become valuable assets especially with the streaming revolution.
 
The buyout came as part of Hipgnosis’ partnership with financial management firm Blackstone, which had announced in late 2021 that it would contribute $1 billion to help Hipgnosis continue to buy into music.

Chris TDL Organizations is a Multinational parent managing company or multiple marketing and brand management entities.

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Entertainment

Matthew Perry, who played Chandler in the cult series “Friends”, has been found dead

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Matthew Perry, who played Chandler in the cult series &#8220;Friends&#8221;, has been found dead, Magnate Daily
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Steph Deschamps / October 31, 2023

Actor Matthew Perry, who played Chandler Bing in the hit sitcom “Friends”, was found dead in his home at the age of 54, US media reported on Saturday.
 
According to the Los Angeles Times, the actor was found dead in his bathtub at his Los Angeles home.   No signs of foul play were found, according to unnamed sources cited by the same newspaper and the specialized media TMZ, which first reported the death.
 
Matthew Perry was best known for his humorous role as Chandler Bing in the ultra-popular NBC series “Friends”, which ran for ten seasons from 1994 to 2004. The actor had struggled for years with his addiction to painkillers and alcohol, and had attended rehab clinics on several occasions.
 
In a recent TV appearance, Perry had surprised audiences by admitting to suffering from severe anxiety “every night” while filming “Friends”. According to TMZ, no drugs were found at the scene of the actor’s death on Saturday.
 
In addition to “Friends”, Perry has appeared in films such as “Fools Rush In” and “The Whole Nine Yards ».
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Massive Attack in mourning: the band “devastated” by the death of one of its members

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Massive Attack in mourning: the band &#8220;devastated&#8221; by the death of one of its members, Magnate Daily
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Sylvie Claire / October 25, 2023

Leading British trip-hop band Massive Attack announced on Tuesday the death of its guitarist Angelo Bruschini, who had been suffering from lung cancer. “Rest in Peace Angelo. A singularly brilliant and original talent,” wrote Massive Attack on its X (ex-Twitter) account, deeming it “impossible to quantify” his contribution to the band hailing from Bristol, England.   On its Instagram account, the band added that it was “devastated” by the loss of its guitarist.
 
Founded in the 1980s, Massive Attack rose to fame in the 1990s with their album “Mezzanine”, followed by “100th Windows”.  After playing in several bands, Angelo Bruschini joined the group in 1990, helping to shape the Bristol-based outfit’s musical identity.   Last July, Angelo Bruschini revealed on his Facebook account that he was suffering from lung cancer and that his health was worsening.
 
“I’ve had a superb life, I’ve travelled the world many times, met many wonderful people, but the door is closing,” he had written.
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Rocky loses an ally: actor Burt Young dies aged 83

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Rocky loses an ally: actor Burt Young dies aged 83, Magnate Daily
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Steph Deschamps / October 21, 2023

American actor Burt Young has breathed his last. He passed away at the age of 83. 
 
For the moment, no details have been given as to the cause of his death.
 
He was best known for playing Paulie, the best friend of Rocky, played by Sylvester Stallone. This won him the Oscar for Best Supporting Actor.
 
The American not only starred in a boxing movie, he also practiced the sport and even turned pro.
 
Following the news of his death, his acting partner, Sylvester Stallone, posted a message on his Instagram account with a photo of them on the set of Rocky.
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