Warner Chappell did not disclose the financial terms of the agreement, but the specialized publication Variety assures that it exceeded 250 million dollars.
The rights to all the musical work of David Bowie were sold to Warner Chappell Musicthe record company itself reported Monday, amid a wave of lucrative sales of rock star catalogs.
Warner Chappell did not disclose the financial terms of the agreement, but the specialized publication Variety assures that it exceeded 250 million dollars.
It’s about hundreds of songs spanning Bowie’s six-decade career, including “Space Oddity”, “Changes”, “Life on Mars?” y “Heroes”, which “changed the course of modern music forever,” said Guy Moot, head of the company in a statement.
“We are immensely proud to have been chosen as custodians of the David Bowie heritage, a catalog of the most revolutionary, influential and enduring in the history of music,” he stressed.
The announcement was made within days of being fulfilled 75 years since the birth of David Bowie, on January 8, and almost six years after his death, on January 10, 2016 after a long battle with cancer.
The sale comes amid a wave of similar deals from rock stars: In December, Bruce Springsteen announced the sale of his song catalog to Sony for about $ 500 million, and in October, 81-year-old Tina Turner , sold its musical rights to the German group BMG.
Last year 80-year-old Bob Dylan sold his published catalog to Universal Music for an estimated $ 300 million. While Stevie Nicks, from Fleetwood Mac, did the same with a majority of the band’s catalog.
Others who sold the rights to his compositions were Paul Simon and Neil Young. (I)
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