Justin Bieber Nearing A Deal To Sell Music Rights For $200 Million: Report

Justin Bieber is close to finalizing a deal with Hipgnosis Songs Capital, reports Variety. The $200 million deal will reportedly include the 28-year-old singer's publishing and music catalog shares, which will still be administered and owned by Universal. The news comes as Justin Bieber's "Justice" tour has been postponed several times. Justin Bieber's catalog contains less songs than artists such as Genesis or Phil Collins, who also sold their music rights this year. But companies such as Hipgnosis are capitalizing on acquiring newer catalogs. (Credit: Associated Press)