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Justin Bieber has parted ways with his business manager, Lou Taylor, and enlisted the expertise of Johnny Depp’s financial manager, Edward White, it has been confirmed. Bieber’s companies, Bieber Time Touring LLC, Justin Bieber Brands LLC, and Bieber Time Merchandise, had been managed by Taylor’s firm, Tri Star Sports and Entertainment Group, since 2022.
A source close to the situation revealed that Bieber and Taylor amicably ended their professional relationship in May. “It was a mutual and seamless transition. It wasn’t a fit anymore,” the source explained.
Despite this change, Bieber’s long-time manager, Scooter Braun, continues to oversee the musician’s career. “Bieber is still under contract with Braun and won’t be out of it for a long time,” the source added. Representatives for both Bieber and Braun have not yet commented on the situation.
Lou Taylor, photographed at the Black Music Action Coalition Music Maker Dinner in West Hollywood on January 31, 2024, has been aiding in the transition to Edward White’s services. White, who established Edward White & Co. in 1976, has a notable clientele, including Jack Nicholson and the estates of Lena Horne and Vin Scully. The California-based firm recently merged with Eide Bailly, enhancing its tax and consulting services.
White has been managing Depp’s finances since 2016 and played a pivotal role in the actor’s legal battles, including his defamation lawsuit against ex-wife Amber Heard in 2022 and a prior lawsuit against The Management Group in 2017 over financial mismanagement.
Bieber’s decision to hire White follows a significant move in 2023, where he sold his 291-song catalog to Hipgnosis Songs Capital for a reported $200 million. This deal transferred the rights to all of Bieber’s music released up to the end of 2021, including hits from his six studio albums and singles such as “Baby,” “Sorry,” and “Peaches.” While Hipgnosis now holds a 100% interest in the profits from Bieber’s writing and recording credits, Universal Music Group retains ownership of his recorded masters.
This strategic shift in Bieber’s business management underscores a broader reorganization of his professional endeavors, ensuring his financial interests are meticulously overseen by one of Hollywood’s most trusted advisors.
