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.

Justin Bieber has reached a financial settlement with former manager Scooter Braun, agreeing to pay a total of $31.5 million to resolve a dispute stemming from the cancellation of his 2022 "Justice" tour,

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,