Justin Bieber Settles $30m Debt With Scooter Braun
The majority of the amount stems from the singer’s canceled 2022 tour
Justin Bieber and Scooter Braun have reportedly reached a settlement over the $30+ million debt the singer owed his former manager.
The debt:
According to People, Bieber owed Braun $26 million as part of the advance he received from AEG Presents for his 2022 Justice tour.
When the tour was canceled, Braun’s then-company HYBE covered Bieber’s debt to AEG, with the singer agreeing to pay Braun and HYBE back over time.
He is reported to have only made one payment.
People also reports that Bieber will pay an additional $5.5 million to Braun, covering half of the $11 million in unpaid commissions he owes his former manager.
In total he will pay Braun $31.5 million.
Other movements:
This news comes as Bieber released his seventh album, Swag, and launched a new fashion brand, SKYLRK.
Braun stepped down from his role as CEO of HYBE America earlier this month.
Justin Bieber
Scooter Braun
AEG Presents
HYBE
HYBE America
SKYLRK
Justice Tour
Artist Management Shifts
High-Profile Artist Litigation
Executive Leadership Changes
Live Event Cancellations
Legal Scrutiny Of Major Artists
Artist Rights And Royalty Disputes
Artist-Manager Financial Disputes
Artist Management
Legal Disputes
Settlement Agreements
Artist Ventures
Artist Debt
United States
South Korea
👋 Disclosures & Transparency Block
- This story was written with information sourced from People.
- We covered it because it’s news relating to a major star and high-profile manager.
