Justin Bieber reaches MAJOR settlement with ex-manager Scooter Braun over years-long financial feud

Justin Bieber has reportedly agreed to hand over millions to his ex-manager Scooter Braun as their years-long financial dispute comes to an end.

On Thursday, the Baby hitmaker, 31, and the SB Projects founder, 44, have finally reached a settlement agreement that will reportedly cost Bieber over $30million, according to TMZ.

After Bieber cancelled his Justice tour in 2022, Braun’s company HYBE America helped the singer pay back $26million of the original $40million advance he received from AEG.

Bieber had allegedly agreed to pay back the money over a 10-year period but allegedly stopped making payments to HYBE after the first installment.

Braun also previously claimed that Bieber — who announced a new album on Thursday — owed him several million dollars in unpaid commissions.

But now, sources tell TMZ that Bieber will finally make good on his debts as the pair’s settlement terms call for him to pay back the entire $26million.

In a win for Bieber, the Grammy-winner will only have to pay Braun half of the $11million in unpaid commissions he allegedly owes him.

DailyMail.com has reached out to representatives for both Bieber and Braun for comment. 

Justin Bieber has reportedly agreed to hand over millions to his ex-manager Scooter Braun as their years-long financial dispute comes to an end; seen in 2020

The settlement news comes less than a month after TMZ claimed that Bieber was in the midst of negotiating the terms of a settlement with Braun and that the details would likely be fully hashed out within a matter of weeks. 

Back in May, the outlet revealed the alleged results of an independent audit performed by PricewaterhouseCoopers (PwC) that was commissioned by Braun’s entertainment company, Hybe America.

The investigation, which lasted for six months, culminated in April with the determination that Bieber allegedly owed Braun $8,806,000.

Although Bieber’s team didn’t publicly dispute the results of the PwC audit, they announced that they had conducted their own audit of his business dealings with Braun.

However, they didn’t share how its results compared to the independent audit.

Despite the determination of Bieber’s alleged debts from a third party, Braun was reportedly willing to forgive the $8 million entirely.

However, TMZ’s sources claimed there were still two major stumbling blocks in the way of an agreement between the two.

Anschutz Entertainment Group (AEG) had given Bieber an impressive $40 million advance for his Justice World Tour, which commenced in February 2022, after it was twice postponed — from 2020, and then 2021 — due to the coronavirus pandemic.

On Thursday, the Baby hitmaker, 31, and the SB Projects founder, 44, have finally reached a settlement agreement that will cost Bieber over $30million, as reported by TMZ

After Bieber cancelled his Justice tour in 2022, Braun’s company HYBE America helped the singer pay back $26million of the original $40million advance he received from AEG

Braun also previously claimed that Bieber owed him several million dollars in unpaid commissions, though the singer’s team disputed the figures; seen in 2015

After it finally got under way, Bieber ending up cancelling 14 concerts scheduled for June and July 2022 when he suffered temporary facial paralysis as a result of Ramsay Hunt syndrome.

He resumed touring for a short stint from late April 2022 through early September 2022 in Europe, the Nordic countries and Brazil, before canceling the remainder of the tour.

Bieber announced to fans that he was ‘exhausted’ and had to ‘make [his] health the priority’ at the recommendation of his doctors.

In response to the cancellation, AEG reportedly tried to claw back $24 million of Bieber’s original advance, but Braun’s company Hybe agreed to step in and front the money for the repayment.

In response, Bieber was allegedly required to pay back Hybe in installments spread out over 10 years, but he allegedly stopped paying after just a single installment.

Sources claimed that the advance repayment was a major sticking point for Braun, and they alleged that Bieber has finally agreed to repay the amount.

According to them, after his wife Hailey Bieber’s profit from the $1billion sale of her cosmetics company Rhode, Justin was now willing to settle up.

Ironically, Hailey’s loved ones previously told DailyMail.com that they feared that Justin would ‘take advantage of her kindness’ and use the payout to cover his massive debts.

But now, sources tell TMZ that Bieber will finally make good on his debts as the settlement terms call for him to pay back the entire $26million; seen in 2020

In a small win for Bieber, the Grammy-winner will only have to pay Braun half of the $11million in unpaid commissions he allegedly owes him

However, a prominent LA-based divorce attorney recently explained to DailyMail.com how Justin could end up walking away with half of Hailey’s Rhode money if they should divorce, as they reportedly never signed a prenuptial agreement.

Another reported requirement from Braun is that Bieber pay back $11 million he allegedly owes from commissions that were never paid, which was outside the scope of the PwC audit.

However, TMZ’s sources say Braun is willing to settle the debt for ‘pennies on the dollar,’ which could be a major break for Bieber.

TMZ previously reported that Bieber was ‘broke’ at the time that AEG came knocking for its $24 million repayment. which Bieber has denied in the past, leading Braun’s company to cover the full amount while Bieber signed an agreement to repay Hybe over 10 years.

But the payments reportedly ceased after just one installment, and sources close to Braun claimed to TMZ that the singer said he simply couldn’t afford to keep paying.

But sources close to Bieber alleged that he stopped paying because his business manager had dug through old transactions and determined that the singer had overpaid Hybe by $26 million.

In response to that claim, Hybe reportedly performed an internal audit, which came to a drastically different conclusion: that Bieber owed $1 million even before his agreement to pay back the $24 million.

Bieber’s team disputed the internal audit over fears that it could have been influenced to come out in Hybe’s favor, which led the company to commission the independent audit from PwC that determined Bieber owed even more money, to the tune of $8 million.

News of the feuding pair’s long-awaited settlement comes just hours after Bieber — who sold his musical catalogue for $200million in 2023 amid his financial troubles — announced he will be releasing a new album, titled Swag; seen with son Jack Blues

The star teased fans with his return to music with billboards with ‘Swag’ on them in major cities around the world as he is set to release new music on Friday 

News of the feuding pair’s long-awaited settlement comes just hours after Bieber — who sold his musical catalogue for $200million in 2023 amid his financial troubles — announced he will be releasing a new album, titled Swag.

The star teased fans with his return to music with billboards with ‘Swag’ on them in major cities around the world as he is set to release new music on Friday. 

Presumably ‘Swag’ – which has already been blasted online – will be the name of the album – but no confirmation has been made as of yet.

The singer’s last album release was Justice back in March 2021. The album garnered critical acclaim and spawned successful commercial tracks such as Peaches, a Billboard Hot 200 chart-topper; and the top 10 hits Holy, Anyone and Ghost. 

The Hollywood Reporter first revealed that Justin will be releasing new music.

The billboards – which have been seen from Los Angeles to Iceland – which feature the potential name also include a black and white photo of a shirtless Justin who is holding son Jack Blues Bieber, 10 months, over his head as the toddlers legs hung up in the air.

‘Swag’ would be an interesting name for an album as it is a slang word which had its heyday in the late 2000s and early 2010s when Justin’s career first began. 

Some detractors on X (formally Twitter) suggested that the term and Bieber’s career have become passé.

A commenter on the the Pop Base post wrote: ‘We left him and his fans in 2015’

The billboards – which have been seen from Los Angeles to Iceland – which feature the potential name also include a black and white photo of a shirtless Justin who is holding son Jack Blues Bieber, 10 months, over his head as the toddlers legs hung up in the air 

‘I don’t want it,’ one wrote while another said: ‘Marketing is getting weird these days.’

Other fans were excited about the announcement as one posted the ‘I used to pray for times like this’ Meek Mill/Michael Jordan meme while another wrote: ‘King of Pop is coming.’ 

The singer went to Iceland in late April to finish up the project as he famously documented the trip on social media at the time as he was also joined by son Jack.

Features on the album were also seemingly revealed as tracklists on some of the billboards list out Gunna, Sexyy Red, and Cash Cobain as collaborators.