Justin Bieber Nears $200 Million Catalog Sale to Blackstone-Backed Group

Pop star Justin Bieber is set to score a massive deal that would put his music rights under the ownership of Hipgnosis Song Management, an investment entity backed by Blackstone Inc., according to people familiar with the matter.

Bieber’s stake in his publishing rights and recorded music catalog could fetch about $200 million, said the people, who asked not to be identified because the discussions are private. While the parties are working toward a deal, an agreement hasn’t been signed and nothing is imminent, one of the people said.