Justin Bieber, Scooter Braun Near $35M Financial Settlement
Justin Bieber, Scooter Braun Near $35M Financial Settlement

Justin Bieber, Scooter Braun Near $35M Financial Settlement

News summary

Justin Bieber and his former manager Scooter Braun are reportedly close to settling a protracted financial dispute involving millions of dollars in unpaid commissions and debts. An independent audit by PricewaterhouseCoopers found that Bieber owed Braun approximately $8.6 million, but Braun has waived this amount. A major unresolved issue remains a $26 million repayment Bieber owes to Braun's company Hybe, which covered the amount Bieber had to refund to AEG after canceling his "Justice" tour early; Bieber has agreed to resume payments on this debt. Additionally, there is a separate dispute involving $11 million in outstanding commissions not included in the audit, but Braun is reportedly willing to accept a significantly reduced settlement. Despite the financial drama, Bieber's team has dismissed rumors of bankruptcy, attributing such claims to disgruntled former collaborators. Meanwhile, Hailey Bieber is experiencing success with the recent $1 billion acquisition of her skincare brand Rhode, which could positively impact their finances overall.

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