Justin Bieber has sold his share of the rights to his music for a reported $200m (£162m).
Hipgnosis Songs Capital, who now own the Canadian’s share of his back catalogue, will now receive a payment anytime one of the songs is played in public.
The company have acquired the rights to the 290 songs Bieber released before 31 December 2021, which include the smash hits, Baby, Sorry and Love Yourself.
Musicians are increasingly selling stakes in their work to music funds – with stars including Justin Timberlake and Shakira also striking deals with Hipgnosis.
However, the trend is more common among older artists, with the likes of Bruce Springsteen, Bob Dylan and Paul Simon all recently securing multimillion-dollar deals for their work.
The Hipgnosis Songs Fund is a $1bn (£811m) venture between Hipgnosis Song Management and the financial firm Blackstone.
The fund floated on the London Stock Exchange in July 2018.
Merck Mercuriadis – who founded the fund – has previously said hit songs can be “more valuable than gold or oil”.
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On striking the deal with Bieber, he said: “The impact of Justin Bieber on global culture over the last 14 years has truly been remarkable.
“At only 28 years of age, he is one of a handful of defining artists of the streaming era that has revitalized the entire music industry, taking a loyal and worldwide audience with him on a journey from teen phenomenon to culturally important artist.”
Bieber’s manager for 15 years, Scooter Braun, said: “When Justin made the decision to make a catalogue deal, we quickly found the best partner to preserve and grow this amazing legacy was Merck and Hipgnosis.”
At least two people have been killed and eight others critically injured in a shooting on the campus of Brown University in Rhode Island, officials have said.
The incident is believed to be unfolding near an engineering building on the campus, according to the school’s alert system.
Providence Police and the Rhode Island State Police are responding.
It is unclear at the moment whether arrests have been made.
Brown University says no suspects are in custody and that additional shots may have been fired.
US President Donald Trump corrected an earlier post he shared online, clarifying that a suspect was not in custody. In his previous post, he had stated that a suspect was in custody.
University officials initially told students and staff that a suspect was in custody, but later said this was not the case and police were still searching for a suspect or suspects.
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Officials noted that the information remained preliminary as investigators try to determine what has occurred.
Police are actively investigating and still gathering information from the scene, said Kristy DosReis, the chief public information officer for the city of Providence.
The shooting was reported near the Barus & Holley building, a seven-storey structure that houses the School of Engineering and Physics Department, according to the school’s website.
It includes 117 laboratories, 150 offices and 15 classrooms.
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Brown is a private university with roughly 7,300 undergraduate students and more than 3,000 graduate students.
Providence Council member John Goncalves, whose ward includes the Brown campus, said: “We’re still getting information about what’s going on, but we’re just telling people to lock their doors and to stay vigilant.
“As a Brown alum, someone who loves the Brown community and represents this area, I’m heartbroken. My heart goes out to all the family members and the folks who’ve been impacted.”
This breaking news story is being updated and more details will be published shortly.
Donald Trump has said the US “will retaliate” after three Americans were killed in a suspected Islamic State attack in Syria.
Two US service members and one civilian died and three other people were injured in an ambush on Saturday by a lone IS – also often called ISIS in Syria and Iraq – gunman, according to the he US military’s Central Command.
The attack on US troops in Syria is the first to inflict fatalities since the fall of President Bashar Assad a year ago.
“This is an ISIS attack,” the US president told reporters at the White House before leaving for the Army-Navy football game in Baltimore.
He paid condolences to the three people killed and said the three others who were wounded “seem to be doing pretty well”.
In a post on his Truth Social platform, Mr Trump said “there will be very serious retaliation”.
The shooting took place near historic Palmyra, according to the state-run SANA news agency, and the casualties were taken by helicopter to the al Tanf garrison near the border with Iraq and Jordan.
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The UK-based Syrian Observatory for Human Rights said the attacker was a member of the Syrian security force.
Syria’s Interior Ministry spokesman Nour al Din al Baba said authorities are looking into whether the gunman was an IS member or only carried its extreme ideology, and denied reports suggesting he was a security member.
Central Command earlier said in a post on X that the gunman was killed, while the identities of the service members killed wouldn’t be released until 24 hours after their next of kin have been notified.
Pentagon chief spokesman Sean Parnell said the civilian killed in the attack was a US interpreter.
US defence secretary Pete Hegseth posted on X: “Let it be known, if you target Americans – anywhere in the world – you will spend the rest of your brief, anxious life knowing the United States will hunt you, find you, and ruthlessly kill you.”
The US has hundreds of troops deployed in eastern Syria as part of a coalition fighting IS.
The group was defeated on the battlefield in Syria in 2019 but the UN says the group still has between 5,000 and 7,000 fighters in Syria and Iraq, and its sleeper cells still carry out deadly attacks.
Syria’s interim president, Ahmad al Sharaa, made a historic visit to Washington DC last month as Syria signed a political cooperation agreement with the US-led coalition against IS.
“This was an ISIS attack against the US, and Syria, in a very dangerous part of Syria, that is not fully controlled by them,” Mr Trump said in his social media post, adding that Mr al Sharaa was “extremely angry and disturbed”.