Britney Spears sells rights to her music catalogue

US singer Britney Spears has change into the most recent musician to promote the rights to her catalogue, which incorporates hits like Baby One More Time and Oops! I Did It Again, US media reported Tuesday (Feb 10).

The deal is believed to be value round US$200 million, in response to sources cited by celeb web site TMZ, although the precise quantity shouldn’t be detailed within the authorized paperwork.

That sum could be corresponding to the sale of Canadian singer Justin Bieber’s catalog in 2023.

Spears, 44, joins a rising checklist of artistes who’ve offered their music rights lately, together with Bruce Springsteen and Bob Dylan, in addition to Shakira and KISS.

US media reported that the rights had been purchased by music writer Primary Wave, whose portfolio contains the works of Whitney Houston, Bob Marley, Prince and others.

Owners of a music’s publishing rights obtain cost for each broadcast, album sale or use in promoting and movies.

The rising music rights market permits artistes to monetise their catalogues, that are enticing long-term belongings for traders within the streaming period.

Major labels like Sony, Universal and Warner have additionally expanded on this line of enterprise, alongside specialist traders Recognition Music Group and Concord Music Publishing.

Spears shot to fame within the late Nineteen Nineties however has largely stepped again from the music scene lately.

In 2021, a US courtroom terminated a 13-year conservatorship that had allowed Spears’ father to manage her funds – an association the singer had described as abusive.