The 'Peaches' hitmaker, who reportedly hasnt spoken to his longtime manager for months, reportedly owes money to tour promoting company, AEG Presents, which has promoted his concerts since 'My World Tour' in 2010.
- Aug 26, 2023
AceShowbiz - Justin Bieber seemingly couldn't wait to part ways with Scooter Braun. The "Peaches" hitmaker reportedly has hired a new lawyer to help him get out of his management contract with Braun that should expire in 2027.
Billboard reported that Bieber and Braun made their deal in 2020, stating that the singer will still be under Braun's management withing four years. A major talent agent shared, "It might take several years for Bieber to wrap up whatever deals he has with Braun and SB Projects, but he's still a very attractive client."
Bieber also reportedly owes money to tour promoting company, AEG Presents, which has promoted his concerts since "My World Tour" in 2010. The outlet also noted that he remains under contract with them.
"Under that AEG deal, Bieber likely owes the promoter any advances paid for his tours that haven't been recouped. This would likely include an upfront signing fee paid to AEG to promote Bieber's tours, as well as a per-show guarantee - some or all of which would be recoupable against the tour's ticket sales.
"These financial obligations are usually settled somewhere between the early planning of the tour and while it's in progress, but Bieber's situation is more complicated. That's because he has repeatedly rescheduled or canceled touring plans over the past 3 years due to the coronavirus pandemic and personal health issues, which could mean that his deal with AEG has yet to recoup its obligations."
