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Canadian singer-songwriter, Justin Bieber reportedly sold his music catalog due to alleged financial struggles.
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According to a report from TMZ, a popular American online tabloid news organization, Justin Bieber, one of the world’s best-selling artists, sold his music catalog for $200 million.
Although,TMZ didn’t provide further details about the reported music catalog sale, further reports claim Justin Bieber’s former manager, Scooter Braun, advised against the deal due to potential tax benefits.
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However, Justin Bieber proceeded with the deal.
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Meanwhile, this has sparked widespread debate about the music industry’s evolving landscape, with Justin Bieber or management team yet to address the swirling reports.
Read TMZ’S Post Below….
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“JustinBieber made somewhere between $500 million and $1 billion as the world’s biggest pop star, but he blew it all and ended up being in such dire financial shape he had to sell his music catalog for $200 million”.
“TMZ has a new documentary, “TMZ Investigates: What Happened to Justin Bieber,” and part of our investigation digs into Justin’s money problems”.
See below….
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