Why has Britney Spears reportedly sold rights to music catalogue? • FRANCE 24 English

This video reports on Britney Spears selling the rights to her entire music catalog to Primary Wave, an independent music publisher (0:00). While the exact price and terms haven't been officially confirmed, some sources suggest the deal was worth around $200 million (0:06). Here's a breakdown of the key points: Details of the deal (0:29-1:13): Selling music rights means giving up royalties from music consumption, usage, performances, and songwriting. TMZ was the first to report the news, stating Spears signed documents on December 30, but without price details. Britney Spears' music career (1:27-1:41): Britney Spears has sold nearly 150 million records worldwide, with nine studio albums since her 1999 debut. Future in music (1:57-2:22): Spears has disputed rumors of a new album and stated on Instagram that she would never return to the music industry or perform in the US again, though she teased a desire to perform overseas with one of her sons. Other artists selling catalogs (2:51-3:29): Britney Spears is not the only artist to sell her music catalog. Other high-profile artists who have done so include Bruce Springsteen (reportedly for $500 million), Justin Timberlake (over $100 million), Shakira (undisclosed sum), and Justin Bieber ($200 million). Advantages and disadvantages of selling catalogs (3:38-4:14): Advantages: Income no longer depends on song popularity or future industry crises. Disadvantages: Upfront payment might be lower than long-term gains, and artists lose control over how their work is used (e.g., commercial licensing). Artists buying back catalogs (4:26-5:01): Many artists, including Jay-Z, Dua Lipa, and Rihanna, are buying back their catalogs. Taylor Swift famously re-recorded her first six albums to own new versions after a disagreement with her record label, which quickly became more popular than the old ones.

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