The Latest Breaking News from Hipgnosis

In today’s newsletter: The Canadian singer is the latest among many stars to give up the rights to their music in exchanging for untold sums – but will it change the industry?

Justin Bieber is selling his entire music catalog to Hipgnosis Songs Capital for more than $200 million.

Investors poured billions into buying rights, turning pop songs into a new asset class — but then the economy stalled

The music industry has rebounded after more than a decade of piracy and songs have become a serious asset class. But that may not help the upcoming artists of today, as the sector’s biggest investors are mainly interested in old records.

Justin Timberlake has sold the rights to his songs including hits such as Cry Me A River and Rock Your Body to Hipgnosis Song Management, the latest pop star to cash in on his body of work in the red-hot market for music streaming.

The ‘Rock your Body’ singer has sold full control and ownership over his interest in the tracks

Justin Timberlake is waving “bye, bye, bye” to his music.

Singer follows other artists, selling to Blackstone-backed fund Hipgnosis Songs Capital

British song management firm Hipgnosis said Sunday it has acquired the entire catalog of famed Canadian singer-poet Leonard Cohen, in the latest big catalog purchase to hit the music world. The London-based company said it had acquired rights to "all 278 songs and derivatives" written by Cohen, including the haunting…