New report examines singer’s rift with former manager Scooter Braun, decision to make $200 million catalog deal, and possibility of new music
Justin Bieber’s reps denied he is enduring “alleged financial distress” in a new report that examines the singer’s recent business moves as well as his increasingly long departure from new music and touring.
Amid a series of personal social media posts and since-denied rumors of drug use — on top of the fact that Bieber hasn’t released an album since 2021’s Justice — The Hollywood Reporter took an in-depth look into the state of the Bieber industry, including his unresolved financial issues with his former manager Scooter Braun.
The report also looked into Bieber’s decision to sell off his stake in his catalog for a reported $200 million. While music catalog sales are common nowadays, they usually involve much-older artists, not 29-year-old pop singers. The fact that Bieber sold his catalog in 2023 sparked rumors that Bieber — in his years offstage and out of the spotlight — had been having money issues, which his reps denied to THR.
“Any source that is trying to sell you a story about alleged financial distress … either doesn’t understand the entertainment industry or, more likely, is trying to paint an unflattering portrait of Justin, which bears no resemblance to reality,” Bieber’s reps said.
As for Bieber’s social media presence and sometimes-concerning public appearances, an insider close to the singer said, “Artists are artists — they don’t look at the world the way you and I do … He’s healthier than all of us — physically and mentally.”
Sources also told THR that Bieber has been hosting “jam sessions” at his home with a group of close collaborators, but no new album is on the horizon. Additionally, it’s unlikely that Bieber will tour any time soon, the report said, though one-off shows are a possibility.
