Justin Bieber is close to signing $200 million deal to sell his entire musical catalogue

Bieber rose to fame when he was 13 years old following the success of his song “Baby”. The pop star disclosed in June that he was diagnosed with Ramsay Hunt Syndrome, which left half of his face paralyzed, forcing him to cancel his performances.

However, some companies, particularly Hipgnosis, have embraced newer catalogs. According to the Journal, the Bieber deal would be the largest music-rights acquisition for Hipgnosis to date. Earlier this year, the company acquired the song-catalog rights of Justin Timberlake, whose works are a few years older than Bieber’s, in a deal reported to be worth just over $100 million. While Bieber’s share of hits like “Sorry,” “Love Yourself” and even older tracks like “Baby” is said to be relatively small, they are still massive global hits that for many define an era.

Blackstone and Hipgnosis Song Management Ltd announced a partnership in October to invest about $1 billion to acquire music rights and manage catalogs.