The Canadian singer and his manager have not parted ways, despite multiple reports.
Multiple sources tell ET, "Justin and Scooter are still working together. Justin is not taking meetings to look for new management. The two recently worked on something together."
As for why reports are surfacing that Braun is no longer managing some of his major clients, including Ariana Grande and Demi Lovato, a source with knowledge of the situation tells ET, "All of Scooter Braun’s clients are under contract and negotiations have been going on for several months as Scooter steps into his larger role as HYBE America CEO. People are spreading rumors based on what they know, but they are off. Scooter’s team at SB Projects are still handling both Justin and Ariana as they work through what this new structure looks like."
Back in 2006, the young Canadian singer was sharing clips of his talent on YouTube. It was then that Braun came across his home video of a cover of a Ne-Yo song and recognized his talent.
In 2007, Braun arranged for Bieber to fly out to Atlanta to meet with him at Jermaine Dupri's studio. Since then, Braun and Bieber have worked closely together delivering all of his chart-topping albums.
In January, the superstar singer-songwriter sold the rights to his entire music catalog in exchange for a head-spinning payday.
The company released an announcement, sharing, "Hipgnosis has acquired Justin Bieber’s 100% interest in his Publishing Copyrights (including the Writer’s Share of Performance), Master Recordings and Neighboring Rights for Bieber’s entire back catalogue, comprising over 290 titles released before the 31st of December 2021."
The Founder and Chief Executive Officer of Hipgnosis Song Management, Merck Mercuriadis, shared in the press release, "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 a culturally important artist."
"This acquisition ranks among the biggest deals ever made for an artist under the age of 70, such is the power of this incredible catalogue that has almost 82 million monthly listeners and over 30 billion streams on Spotify alone," the statement continued, going on to thank Bieber's longtime manager, Braun.
While Hipgnosis Song Management will own Bieber's interest in his catalog, the master recordings themselves will continue to be administered and owned by Universal Music Group.
Hipgnosis is the same company that reportedly bought the rights to Justin Timberlake's catalog last year to the tune of $100 million.