Justin Bieber and Scooter Braun
Huge Settlement Imminent After TMZ Documentary
Revealed
Justin Bieber and Scooter Braun are very near lastly settling their variations … as a result of we have realized they’re coming to phrases over a large monetary dispute.
Sources with direct information inform TMZ … Justin and Scooter are weeks away from reaching a settlement on a ton of cash Justin owes Scooter, and settlement talks have been triggered by our current TMZ documentary on JB.
TMZ Studios
As we advised you in “TMZ Investigates: What Happened to Justin Bieber,” their relationship disintegrated after Justin claimed Scooter screwed him out of hundreds of thousands, however our investigation confirmed the alternative.
We’ve got seen an impartial audit performed by PricewaterhouseCoopers (PwC), which exhibits Justin truly owes Scooter $8.6 million in unpaid commissions. As we reported within the documentary, Scooter has waived fee of the whole quantity.
There are nonetheless 2 BIG excellent points that have to be hashed out.
1. Justin received a $40 million advance from AEG for his “Justice” tour. Keep in mind, Justin pulled the plug on the tour early on, so AEG demanded he repay them $26 million of the advance. Scooter’s firm, Hybe, agreed to pay AEG the quantity owed, and Justin agreed to repay Hybe over 10 years. Justin made one fee, after which stopped.
We’re advised Scooter’s firm desires Justin to cough up the $26 mil, and now that Hailey Bieber is flush with money after promoting her magnificence firm, Rhode, we’re advised Justin has agreed to make good on the debt.
2. We have realized there’s a separate dispute … we’re advised Scooter desires Justin to pay $11 million in varied commissions that Justin did not pay through the years — cash not mirrored within the PwC audit — and in accordance with our sources, Scooter is keen to accept “pennies on the dollar,” which is a win for Justin.
TMZ.com
Once more, our sources say a settlement is imminent — it might come down as early as subsequent week.
Keep tuned …
