Why are so many musicians selling off the rights to their back catalogues?

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Tuesday (January 24) was a big day of trading in the music money world. Pop superstar Justin Bieber (pictured) sold off the rights to his back catalogue of music for a reported $200 million to Hipgnosis Songs Capital – a company formed in 2018 by Chic guitarist Nile Rodgers.

So too did US producer and DJ Zaytoven (pictured) – who has collaborated with the likes of Future, Travis Scott and Migos – who sold his catalogue to Ultra International Publishing, as well as…