Justin Bieber is to Have Paid Off His US$31.5 M Debt to Scooter Braun

Liputan6.com, Jakarta Justin Bieber has reportedly paid off his debt to his longtime manager, Scooter Braun, for a peace deal. The debt that was finally paid was reportedly US$31.5 million.

Quoted from People, Friday (July 11), the debt repayment includes US$26 million due to the cancellation of the Justice World Tour. A source said this debt was originally an advance payment received by Bieber from promoter AEG Presents.

When the tour was canceled, the promoter asked for the advance back from Justin Bieber. Scooter Braun, through his company at that time, HYBE America, then agreed to cover it.

He was willing to replace the return of the advance to the promoter, provided that Justin Bieber could repay it periodically to HYBE America and Braun.

However, Bieber, who originally agreed to pay off the debt in installments, only paid one installment. The Peaches singer finally agreed to pay off the remaining debt for US$26 million.

In addition, another source said that Justin Bieber also paid an additional debt of US$5.5 million. The debt covers half of the US$11 million commission for Scooter Braun that has not yet been fulfilled.

Justin Bieber's spokesperson and representatives are still silent regarding the report. Justin Bieber has also just returned to active music after releasing the album Swag on Friday (July 11).

Meanwhile, this deal was reached three years after Justin Bieber sold all of his 291-song music catalog to Hipgnosis Songs Capital for US$200 million in 2022.

A documentary revealed that the song catalog was sold due to financial pressure and debt accumulated due to the cancellation of the Justice World Tour. However, Justin Bieber's representatives also did not open their voices regarding these allegations.

A few months after that decision, Justin Bieber and manager Scooter Braun ended their working relationship after being together for more than 15 years. Scooter Braun is the manager who first discovered Bieber's talent on YouTube and then recruited and raised the singer's name.

The news of the breakup was announced in August 2023. Almost a year later, Scooter Braun finally announced his retirement from the music industry after 20 years.