Justin Bieber and Scooter Braun have reached a settlement following a financial dispute. 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.

Scooter Braun thinks Justin Bieber hit the sweet spot with his new album. Days after the "Baby" singer agreed to pay his former manager $31.5 million for show cancellations and unpaid commissions following the end of their business relationship in 2023,

After Justin Bieber and Scooter Braun, his former longtime manager, went through a public fallout, they have reached a financial deal.