Justin Bieber Delays $31 Million Settlement Payment to Scooter Braun | TMZ Live - video Dailymotion

TMZ

Justin Bieber will not pay his multimillion-dollar debt to Scooter Braun's former company immediately ... he will not have to ante up until money from the sale of his wife's Rhode beauty company hits their bank account, TMZ has learned.

Transcript

00:00We now have some pretty stunning details now about the settlement between Justin Bieber and Scooter Braun.

00:09We told you that they have settled their differences.

00:13Justin owes Scooter around $31 million.

00:17This is a combination of money that Scooter's company fronted to pay off a loan that Justin owed to AEG, $26 million.

00:25And then another $5.5 million, which represents about half of commissions that Justin still owed Scooter.

00:33So we found out, they have settled this and we told you that.

00:37Now the news, we found out that Justin doesn't have to pay the money under the terms of this settlement

00:45until the sale of Haley's company, Rode, Rode Beauty, is not only finalized but funded.

00:55Meaning, until all that money comes into their bank account.

01:00Once Haley and Justin get their money from the Rode sale, then he'll pay the Scooter money back.

01:06It's kind of like, what was the old line from Popeye?

01:09I'll gladly pay your Tuesday for a hamburger today.

01:12But the reason they did it in this case is, look, we've talked about this many times before.

01:19Justin, you know, a couple of years ago was just flat broke.

01:23And he sold his music catalog for $200 million.

01:28Well, he sold, he was, he had to borrow a credit card to play golf.

01:32Right.

01:33So he sold his music catalog a year and a half ago for $200 million.

01:38What we're told, Charlie, you know this too.

01:41We were told that even with that $200 million, he doesn't have enough money to pay back this settlement.

01:48Yeah.

01:48And so if you remember, Haley sold her company, Rode, for $1 billion.

01:54Look, she doesn't get all that money, but we're told that.

01:57There are other investors.

01:58There's other investors.

01:59Actually, one of the investors is Justin himself, who's supposed to get about $50 million.

02:04So he can't pay back what he agreed with Scooter until all that money comes in.

02:11And once he does, then he'll, you know, be squared out.

02:13But I think it's so ironic that his wife, Haley, like if it wasn't for her company, he wouldn't be able to pay back his debt.

02:20I mean, it's true.

02:20I mean, the settlement is contingent on that sale going through and getting the money, which is going to take a month to two months, we're told.

02:28But even if Justin is going to get around $50 million, I'm told he gets about a 5% interest or something like that.

02:36So he'll get about $50 million.

02:38But remember, some of that goes to taxes.

02:40And, you know, that may not be enough money to actually pay back the full $31 million that he owes.

02:47And he's kind of relying on his wife's beauty company there.

02:52Yeah.

02:52And actually, since we broke this story this morning, Harvey, Haley's team gave me a statement.

02:57They said the historic sale of Road is a huge accomplishment for Haley and is completely separate from her husband and his business affairs.

03:04What really stuns me is we know in 2022 he was flat broke.

03:09He sold his music catalog a year later.

03:12And you would think, okay, I just blew maybe up to a billion dollars.

03:16I'm not going to do that again.

03:19But the $200 million is gone.

03:21Because that's his lifestyle.

03:22Hey, guys, I have a quick comment from one of our YouTube live stream viewers.

03:25They're asking if Charles and Harvey shop at the same place for that t-shirt.

03:29By the way, this happens.

03:30No, we don't.

03:31It happens all the time.

03:32And this happens all the time.

03:34We end up wearing the same color shirt.

03:35By the way, look around.

03:37What are you talking about, Jackson?

03:39Jackson's got a black shirt.

03:40Jackson's wearing a shirt.

03:41No, no, no.

03:41Turn the camera.

03:42Jackson's wearing a...

03:43Hold on.

03:44Jackson's wearing a...

03:45You're going to break it.

03:46You're going to break it.

03:46And that's about to be a contestant.

03:47No, Jackson.

03:48Oh, God.

03:49Oh, God.

03:49This is a disaster waiting to happen.

03:51Well, no, he's...

03:51You're making Rob cringe right now.

03:52He's wearing exactly what Charles is wearing.

03:55Rob is cringing right now.

03:56That shirt is about $200 less than the one you're wearing.

03:58That's true.

03:59Let's find you.

04:00That's done.

04:01Oh, dude.

04:02Bet me.

04:03No, I'm not betting you.

04:04Look at the camera guy.

04:05It's all black.

04:05Look at this.

04:06Look at him.

04:07Brendan's in black.

04:07And Cameron over there.

04:08Rob's in black.

04:09Rob's in black.

04:10Rob's in black.

04:10Everybody's wearing black.

04:11I got on black.

04:12Prince got on black.

04:13Anakin's wearing black.

04:14Melissa and J.R.

04:15Listen.

04:15Branson's wearing black.

04:17Everybody's wearing black.

04:17Branson's got on black.

04:18Okay.

04:18The shirts you guys are wearing.

04:20Okay.

04:20What?

04:20That's a $300 shirt.

04:22It's not a $300.

04:23I got on a Max B shirt.

04:25There's a difference.

04:25Ooh.

Justin Bieber Delays $31 Million Settlement Payment to Scooter Braun | TMZ Live

Category

Transcript

Recommended