Justin Bieber sold his catalog for $200 million #shorts

Justin Bieber sold his music catalogue for 200 million dollars. His catalog brings in almost 82 million monthly listeners and over 30 billion streams on Spotify alone. Many artists have sold their catalogues in recent times due to tax benefits in doing so where the sale of the rights is usually taxed as capital gains instead of income. Once music is released it tends to spike in its consumption, then drops off but eventually reaches a steady predictable rate of being played, making it easy for investment firms to estimate a predictable value.
The acquisition ranks among the biggest deals ever made for an artist under 70 years old and is double Justin Timberlake's 100 million dollars.
Justin is estimated to be worth 300 million dollars and has sold 150 million records worldwide.