Justin Bieber and Scooter Braun
Huge Settlement Imminent After TMZ Documentary
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Justin Bieber and Scooter Braun are very near lastly settling their variations … as a result of we have discovered they’re coming to phrases over an enormous 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 latest 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 other.
We’ve seen an unbiased audit carried out by PricewaterhouseCoopers (PwC), which exhibits Justin truly owes Scooter $8.6 million in unpaid commissions. As we reported within the documentary, Scooter has waived cost of the complete quantity.
There are nonetheless 2 BIG excellent points that must be hashed out.
1. Justin bought a $40 million advance from AEG for his “Justice” tour. Bear 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 cost, after which stopped.
We’re advised Scooter’s firm needs 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 discovered there’s a separate dispute … we’re advised Scooter needs Justin to pay $11 million in numerous commissions that Justin did not pay through the years — cash not mirrored within the PwC audit — and in accordance with our sources, Scooter is prepared to accept “pennies on the dollar,” which is a win for Justin.
TMZ.com
Once more, our sources say a settlement is imminent — it may come down as early as subsequent week.
Keep tuned …
