In a surprising move that has sent ripples through the music and entertainment industry, pop sensation Justin Bieber has parted ways with his business manager Lou Taylor and enlisted the services of Edward White, renowned for managing Johnny Depp’s finances. The transition, described as mutual and seamless, marks a new chapter in Bieber’s financial management strategy.

The End of an Era with Lou Taylor
Justin Bieber, 30, ended his professional relationship with Lou Taylor’s company, Tri Star Sports and Entertainment Group, in May. Bieber had been working with Tri Star since 2022, overseeing his multiple business ventures, including Bieber Time Touring LLC, Justin Bieber Brands LLC, and Bieber Time Merchandise. A source close to the situation explained, “It wasn’t a fit anymore,” emphasizing the amicable nature of the split.

Lou Taylor, a prominent figure in celebrity financial management, has a client roster that includes Britney Spears and other high-profile stars. Despite the end of their collaboration, Taylor has been supportive during the transition to Bieber’s new financial team.

Enter Edward White
Bieber’s new financial manager, Edward White, is no stranger to handling the finances of Hollywood elites. White, who founded Edward White & Co. in 1976, recently merged his firm with Eide Bailly, a move that expanded the company’s reach and services. White’s clientele boasts several Hollywood figures, including Jack Nicholson and estates like Lena Horne and Vin Scully’s.

White’s notable work includes managing Johnny Depp’s finances since 2016. He played a crucial role during Depp’s legal battles, including the high-profile defamation lawsuit against Depp’s ex-wife, Amber Heard, and a lawsuit against The Management Group for mishandling Depp’s finances. White’s expertise in navigating complex financial and legal landscapes makes him a valuable asset to Bieber’s team.

Maintaining a Steady Course with Scooter Braun
While Bieber’s financial management is undergoing significant changes, his long-standing relationship with manager Scooter Braun remains intact. Braun, who has been managing Bieber since his early rise to fame, continues to play a pivotal role in his career. According to sources, Bieber is still under contract with Braun, ensuring stability in his professional management amidst the financial shift.

Major Financial Moves: Catalog Sale to Hipgnosis
The change in financial advisors follows a significant business decision by Bieber earlier this year. In 2023, Bieber sold his 291-song catalog to Hipgnosis Songs Capital in a deal estimated to be worth over $200 million. This catalog includes rights to every song Bieber has released or had an interest in up until the end of 2021. The extensive collection encompasses six studio albums—My World 2.0, Under the Mistletoe, Believe, Purpose, Changes, and Justice—as well as hits like “Baby,” “Boyfriend,” “What Do You Mean?” “Sorry,” “Love Yourself,” “Yummy,” “Holy,” and “Peaches.”

With this sale, Hipgnosis acquired a 100% interest in the profits from Bieber’s writing and recording credits and neighboring rights, which are earnings from public plays in venues such as stores and restaurants. Despite this sale, Bieber’s recorded masters remain under the ownership of Universal Music Group.

Implications of the Financial Transition
The transition to Edward White signifies Bieber’s intent to align with a financial advisor who has demonstrated expertise in handling complex and high-stakes financial matters. Given White’s history of navigating Depp through turbulent financial and legal issues, Bieber appears to be positioning himself for a more robust financial strategy moving forward.

The amicable departure from Lou Taylor and Tri Star suggests a professional shift rather than any underlying conflict, allowing Bieber to explore new avenues under White’s guidance. With Scooter Braun still at the helm of his management, Bieber ensures continuity in his artistic and business endeavors while adapting to new financial strategies.

Looking Ahead
As Bieber continues to evolve both personally and professionally, this strategic move could mark a significant turning point in his career. Fans and industry watchers will be keen to see how Edward White’s financial stewardship will influence Bieber’s future projects and investments.

This high-profile change underscores the importance of having the right team to manage the intricate finances of a global superstar. With the combination of Scooter Braun’s steady management and Edward White’s financial acumen, Bieber is well-positioned to navigate the complexities of his career and financial landscape.

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Source: https://people.com/justin-bieber-parts-with-lou-taylor-hires-johnny-depps-financial-advisor-8663911