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.

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

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,