Justin Randall Timberlake (born January 31, 1981), occasionally known by his initials JT, is an American singer, songwriter, actor, dancer, and record producer.
Raised in Tennessee, he appeared on the television shows Star Search and The All-New Mickey Mouse Club as a child. In the late 1990s, Timberlake rose to prominence as one of the two lead vocalists and youngest member of NSYNC, which eventually became one of the best-selling boy bands of all time.
Timberlake began to adopt a more mature image as an artist with the release of his debut solo album, the R&B-focused Justified (2002), which yielded the successful singles "Cry Me a River" and "Rock Your Body", and earned his first two Grammy Awards.
Hipgnosis to Sell Nearly $500 Million in Song Catalogs to Elevate Stock, Pay Down Debt
variety.comJem Aswad Executive Editor, Music Hipgnosis Songs Fund’s board of directors announced Thursday that the company will sell two segments of its song catalog in a bid to increase its stock price and pay down debt.
The statement, made in a dense 20-page document capably translated into plain English by Billboard, reveals that one package of assets includes 29 catalogs worth around $440 million, which the Blackstone-backed entity, Hipgnosis Songs Capital, has agreed to acquire.
The second package is worth $25 million and includes songs acquired in 2020 from Kobalt; the fund expects to announce a buyer later this month.
The board introduced the $465 million in proposed sales along with proposals to buy back up to $180 million of its own stock, to pay down $250 million of its revolving debt and to introduce lower advisory fees to be paid to Hipgnosis Song Management Limited.
Read more on variety.com