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's review of Justin Bieber ‘s Swag is in. The surprise album that dropped Friday (July 11) is the pop star's most genuine work to date, says Bieber's former longtime manager - who noted he's been watching the singer's growth as an artist for nearly 20 years.

Hailey’s post came just minutes after Braun had shared his own Instagram Story, heaping compliments on Justin’s seventh studio album. In his post, Justin’s former longtime m