Britney Spears has struck a deal to sell the rights to her music catalogue.
According to celebrity news site TMZ, the deal is believed to be worth around US$200 million, though it said the exact amount was not detailed in the legal documents.
The sum would be comparable to the sale of Justin Bieber’s catalogue in 2023.
Reuters and other outlets reported that Spears sold the rights to an independent music publisher Primary Wave, which is also home to artists including Whitney Houston, Prince and Stevie Nicks.
Neither Spears nor Primary Wave have responded publicly to the news.
Spears will join the likes of Bruce Springsteen, Bob Dylan, Shakira, KISS and other artists who have sold their music rights in recent years.
This comes after Spears stepped away from the spotlight and freed herself of a 13-year conservatorship in 2021 that allowed her father to control her finances.
Owners of a song’s publishing rights receive payment for every album sale, broadcast or use in advertising and films.
Selling music rights has become more attractive in the streaming era for artists to monetise their catalogues.
Spears’ deal will include hits like “...Baby One More Time”, “Break The Ice”, “Circus”, “Gimme More”, “Oops!... I Did It Again”, alongside others.
