Justin Bieber’s severe financial struggles came to light.
According to a new one TMZ Documentary, the Baby Hitmaker sold its song catalog, a collection of almost 300 songs, to the capital of hypnosis songs for 200 million dollars.
The documentary entitled, TMZ investigates: What happened to Justin Bieber? He states that the singer was on the verge of a “financial collapse.”
Harvey Levin, the TMZ The executive producer states that the Delicious Singer has generated around 500 million to one billion dollars throughout his career, but finally “he had to sell his musical catalog because he was bankrupt”, after the cancellation of his Justice World Tour In 2022.
“I was in a call with several people: Justin’s side acknowledges that in 2022, he was on the verge of … the words were ‘financial collapse’. And that’s why he had to sell his catalog,” Levin said in the documentary.
He also said that when the then manager of Justin, Scooter Braun, he met the sale, he encouraged the artist to wait until January 2024 for sale to obtain a tax exemption.
On this, Levin reported: “Justin said: ‘I have to sell it now.’ And he sold it in December.
It is not clear how Justin Bieber spent the 200 million reported, with one TMZ Personnel who affirm that he spent 2 million dollars to renew one of his eight buses of the Justice World TourFlying in riding chorros and paying effective for many luxurious mansions.
