A fund backed by private-equity firm Blackstone (BX) has purchased the rights to Justin Timberlake's song catalog in a deal that people familiar with the matter said is valued at just above $100M, reported The Wall Street Journal's Anne Steele and Miriam Gottfried. Terms of the deal, done in partnership with music-investment company Hipgnosis Song Management (HPGSF), weren't disclosed, but it appears to be the venture's largest music-rights acquisition so far, the report said.
Reference Link