Justin Bieber Settles $26M Debt With Ex-Manager Scooter Braun
Justin Bieber Settles $26M Debt With Ex-Manager Scooter Braun

Justin Bieber Settles $26M Debt With Ex-Manager Scooter Braun

News summary

Justin Bieber has settled a significant financial dispute with his former manager Scooter Braun involving millions of dollars owed from Bieber's canceled 2022 Justice tour and unpaid commissions. Bieber was required to repay $26 million to Braun's company HYBE, which had initially paid the amount to Live Nation's parent company after Bieber ended the tour early, and also agreed to pay back half of an $11 million commission debt. The settlement followed reports of Bieber's financial struggles, including the sale of his music catalog for $200 million in 2022 amid concerns of near financial collapse. Alongside resolving this debt, Bieber is preparing to release his seventh studio album, titled Swag, on July 11, which features collaborations with artists like Gunna, Sexyy Red, and Cash Cobain. The album's promotion included billboards in cities like Los Angeles and Reykjavik, and Bieber shared images of the album artwork featuring his wife Hailey and their son, generating excitement among fans. While Bieber and Braun's relationship remains changed, Braun has expressed ongoing support for Bieber's career despite their past difficulties.

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