StephanHos

<img src="http://www.imageafter.com/image.php?image=b2architecturals068.jpg&dl=1" style="max-width:440px;float:right;padding:10px 0px 10px 10px;border:0px;"><p class="mol-para-with-font">Dec 21 (Reuters)
- Pop star Justin Bieber is nearing a deal worth
about $200 million to sell his music rights to Blackstone
Inc-backed Hipgnosis Songs Capital, the Wall Street Journal reported on Wednesday, citing people familiar with the matter.</p> <p class="mol-para-with-font">The potential deal includes the Canadian artist's interest in both his publishing and recorded music catalog,
according to the report.</p> <p class="mol-para-with-font">Hipgnosis buys song catalogs from artists and earns revenue when their music is
streamed online or used in movies or advertising.</p> <p class="mol-para-with-font">Bieber rose to fame
when he was 13 years old following the success of his song "Baby".



The pop star disclosed in June that he was diagnosed with Ramsay Hunt
Syndrome, which left half of his face paralyzed, forcing
him to cancel his performances.</p> <p class="mol-para-with-font">Fellow pop artist
Justin Timberlake sold the rights to his songs, including hits such
as "Cry Me A River" and "Rock Your Body", to Hipgnosis Song Management in May.</p> <p class="mol-para-with-font">Blackstone
and Hipgnosis Song Management Ltd announced a partnership in October to invest about $1 billion to acquire music
rights and manage catalogs.</p> <p class="mol-para-with-font">Hipgnosis
and Bieber did not immediately respond to a Reuters request for comment.


<b>(Reporting by Akash Sriram in Bengaluru; Editing by Anil D'Silva)</p></div></b>
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