Justin Timberlake has sold his ‘Music Streaming Rights’ to Hipnogsis

Justin Timberlake has sold his 'Music Streaming Rights' to Hipnogsis

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 financial terms of the deal were not disclosed, although a report by the Wall Street Journal said the transaction was valued at just above $100 million.

The deal was made on behalf of Hipgnosis Songs Capital, a partnership between Hipgnosis Song Management and funds managed by investment firm Blackstone Inc, the advisory firm owned by music executive Merck Mercuriadis said in a statement.

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