Jemal Countess/Getty; Dimitrios Kambouris/Getty Justin Bieber and Scooter Braun have reached a settlement following a financial dispute PEOPLE confirms Bieber agreed to pay Braun $30+ million — $26 million as part of an advance for his Justice Tour that Braun's company had covered, along with $5.5 million in unpaid commissions The musician and manager worked together for over 15 years and ended their business relationship in 2023 Justin BieberandScooter Braunhave reached a settlement following a financial dispute. Bieber, 31, agreed to pay $26 million owed to Braun as part of an advance the singer received from AEG Presents for his2022 Justice tour, sources confirm to PEOPLE. His former manager's company HYBE had initially covered the cost for Bieber when the tour was ultimately canceled and AEG Presents needed to recoup their money, with Bieber agreeing to pay Braun and HYBE back in time. However, the singer reportedly only ever made a single payment. Another insider tells PEOPLE that Bieber will also pay an additional $5.5 million, which covers half of $11 million in unpaid commissions he owed Braun, 44, totaling a cool $31.5 million. A rep for Bieber did not return request for comment on the settlement. TMZ wasfirst to reporton Thursday that Bieber and Braun settled the dispute, the same day it wasrevealed that Bieber would be releasing his seventh album,Swag, and that he had launched hisfashion brand SKYLRK. Def Jam Never miss a story — sign up forPEOPLE's free daily newsletterto stay up-to-date on the best of what PEOPLE has to offer, from celebrity news to compelling human interest stories. This settlement comes over two years afterBieber sold his 291-song catalogto Hipgnosis Songs Capital for $200 million in December 2022. "Justin is truly a once-in-a-generation artist and that is reflected and acknowledged by the magnitude of this deal," Braun said at the time of the sale. A May 2025 documentary claimed that Bieber sold his catalogdue to financial strain and debts that built up after canceling the Justice Tour. At the time, a rep for Bieber had no comment. The documentary came outafter a source told PEOPLEthat his former circle was concerned about him. "He is facing a lot of different demons right now," the source said in April. "He is making some really poor decisions lately, further impacting friendships, money, and business." Months after Bieber sold his catalog in 2022, Bieber and his former manager ended their working relationship after over 15 years. PEOPLE reported in August 2023that Bieber and Braun hadn't spoken to each other "in months" and that the musician was recording a new album without him. "Justin's been working on his new record for the last six months. Scooter and SB Projects have not set up one session or done one thing for this [new] record," a source said at the time. "The relationship with Scooter has run its course." Braun announced his retirement from the music industryin June 2024 after over 20 years. He noted that he would still remain the CEO of HYBE America, although the company announced on July 1 that Braunwould be stepping down from the roleand instead become a consultant. Kyle Grillot/Bloomberg/Getty Braun appeared onThe Diary of a CEOpodcast in June andreflected on his relationship with the singer. "I think these things go in ebbs and flows," he said at the time. "There comes a point where I understand he probably wants to go on and show that he can do it." "We worked together for so long and we had such extreme success, and I think you get to a point as a man where you want to show the world you can do it on your own," added Braun. "And I completely respect that. I think at this point, that's what he's doing. Myself and everyone from the old team is rooting for him." The former record executive said that he wants "everyone that I worked with to do well." Read the original article onPeople
