Sports
Overwhelmed by debt and uncontrolled spending, Justin Bieber made the drastic decision in 2022 to sell the rights to 300 of his songs to Hipgnosis Songs Capital for around $200 million.
This desperate move was shrouded in rumors about his precarious financial situation and raised serious concerns about the pop icon’s economic stability. His fans and the industry are wondering if this artistic sacrifice will save him from an impending crisis.
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“Selling this catalog was like selling a part of himself. But, given the decisions he made, he had no choice,” said a source close to the Canadian singer.
Many argue that he is at his lowest point financially and that he really had no choice but to sell his most valuable assets.
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It’s no wonder we’re talking about a large part of his musical legacy that now belongs to Hipgnosis Songs. This is a hard blow for his loyal fans, but surely they understand that Justin needed to do it.
This is the worst moment in Justin Bieber’s career and personal life
According to a TMZ documentary, the Canadian singer was facing serious financial problems in 2022. Producer Harvey Levin said the singer was on the verge of bankruptcy and therefore decided to sell the rights to his songs.
Since 2021, Bieber‘s career has been marked by serious health problems and controversial personal decisions.
After canceling his tour due to facial paralysis, he distanced himself from his inner circle yet continued to live an expensive lifestyle. His behavior has caused concern, especially amid rumors of a marital crisis with his wife, with whom he had a child in 2024.
His fans always watch out for him and defend him to the death. They support him in this unfortunate situation. It is now up to Bieber to do his part, as we are seeing a side of him that we have never seen before. Only time will tell if the Canadian will speak publicly about what he is going through.
This news was originally published on this post .
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