Justin Bieber has reached a major settlement with former manager Scooter Braun, bringing an end to their years-long financial feud.
As per TMZ, on Thursday, the Peaches crooner and the SB Projects founder have finally reached a settlement agreement that will reportedly cost Bieber over $30million.
When Bieber canceled his Justice tour in 2022, Braun’s company HYBE helped Bieber in returning $26 million of a massive $40 million advance from AEG.
It is reported that the Baby hitmaker agreed to hand over the money in a 10-year period but allegedly he discontinued making payments to HYBE after the first installment.
Previously, Braun claimed that Bieber was liable for several million dollars in unpaid commissions.
A source revealed that under the settlement terms, Bieber will finally settle his debt by paying back the full $26 million.
Bieber received the small victory as the Grammy-winner will only have to pay Braun half of the $11million in unpaid commissions he allegedly had to return him.
To note, news of their long-awaited settlement comes just hours after Bieber announced that he will be releasing his 7th studio album, titled Swag.
Justin Bieber stunned his fans as he released 20 tracks from the new album after a long hiatus from music.
Initially, he teased his new album through several mysterious billboards that were placed all over the world.
