David Bowie’s entire music catalog bought by Warner Music Group for $ 250 million
Dave Benett / Getty David Bowie
David BowieThe music publishing catalog of was acquired as part of a massive deal with Warner Music Group, six years after the famous musician’s death.
Warner Chappell acquired worldwide music publishing rights to Bowie’s entire catalog, including 26 studio albums and hits like “Space Oddity”, “Life on Mars?” and “Modern Love”, Warner Music Group (WMG) announced Monday.
The deal also includes Bowie’s posthumous album Toy, the two studio albums he recorded with his supergroup Tin Machine, and songs released as singles from soundtracks and other projects. The five-time Grammy winner died of cancer in 2016 at 69 years old.
Financial terms of the deal were not disclosed, but CNN Affairs said the purchase price was around $ 250 million.
“We are truly delighted that David Bowie’s musical corpus is now in the capable hands of Warner Chappell Music Publishing. We are sure that they will cherish and care for it with the greatest degree of dignity,” Allen Grubman said in a statement. on behalf of the David Bowie and RZO Estate.
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The announcement comes four months after WMG and the Bowie Estate reached an agreement that gave Warner Music the rights to the British star’s recorded catalog from 1968 to 2016. With the new deal, they now also have the rights. on the entirety of his work as both songwriter and recording artist.
“It’s not just a catalog, but a living and breathing collection of timeless songs that are as powerful and resonant today as they were when they were first written,” said the co-chair. from WCM and COO Carianne Marshall in a press release.
WCM Co-President and CEO Guy Moot added in a statement, âAll of us at Warner Chappell are extremely proud that the David Bowie Estate has chosen us to be the custodians of one of the most revolutionary catalogs, the most influential and enduring in the history of music. These are not just amazing songs, but milestones that changed the course of modern music forever. “
The acquisition is only the latest for Warner; in August, WMG announced a partnership with Madonna for her entire catalog of recorded music, and in November, she announced a worldwide co-publishing deal with Cardi B.
Other stars, like Bruce Springsteen, have gone elsewhere; in December, Sony Music Group acquired all catalogs of recorded music and songwriting of the rocker for one reported purchase price of $ 500 million.