Justin Bieber and Scooter Braun have reportedly moved closer to settling their money dispute. Sources claimed that the pop singer owes his former manager millions of dollars in a massive financial debt, but the two are weeks away from reaching an agreement. Bieber’s alleged money troubles began after he cancelled his Justice World Tour in 2022, incurring a large debt of $24 million to AEG.
At the time, Braun’s company, Hybe, stepped in, paying off the sum and signing a 10-year agreement with the singer, who has since failed to fulfil the repayment. Bieber previously claimed that his team overpaid in commission, but an independent audit found otherwise.
Justin Bieber reportedly owes Scooter Braun $8.6 million
TMZ reports that a settlement in the dispute between Justin Bieber and Scooter Braun’s financial matters may be imminent. Sources with direct knowledge of the matter told the publication that the former associates will reach an agreement in the coming weeks.
The report mentioned that their documentary, “TMZ Investigates: What Happened to Justin Bieber,” triggered the settlement. The insiders also revealed that Bieber owes his ex-manager $8.6 million in commissions.
The documentary alleged that the duo’s friendship collapsed after the Grammy winner accused Braun of financial deception. However, recent findings, including an independent audit by PricewaterhouseCoopers (PwC), sided with the latter. According to the PxC audit, Bieber owed him millions of dollars in debt, contrary to his claims of overpaying in commissions. The record executive had initially waived off the amount but has since changed his mind.
It appears Scooter Braun’s company now wants Justin Bieber to repay the money. These claims surfaced weeks after his wife Hailey Bieber secured a $1 billion deal for her beauty brand, Rhode. Moreover, the 31-year-old musician has agreed and assured that he will follow through on the deal. TMZ further disclosed that Braun has sought a $11 million payback in various commissions, something Bieber has owed for years.
The publication mentioned that a settlement between the two parties is imminent and could happen as early as next week.
