BMG has acquired what it calls “a vast portfolio of rights” related to the music and image of Tina Turner.
The agreement provides that BMG acquires the artist’s share in its recordings, plus its music publisher’s share and related rights, as well as his name, image and likeness.
Warner Music remains the record label for Turner’s catalog.
Interestingly, BMG made the deal with Tina Turner solo; the acquisition made not involve the mutual fund that BMG launched with investment giant KKR earlier this year.
BMG does not put a price on the deal, but has confirmed that it is the largest single artist rights acquisition that the Bertelsmann-owned company has made since its inception in 2008.
This means that the deal with Tina Turner came at a higher price than what BMG acquired the recorded music income stream spanning Mick Fleetwood’s entire career in January.
Indeed, it seems a safe bet for MBW – given the amount of fanfare swirling around the Tina Turner deal at BMG – that this latest acquisition falls into the $ 50 million plus category.
The deal covers Tina Turner’s solo works including ten studio albums, two live albums, two soundtracks and five compilations, which together have sold over 100 million records.
Tina Turner said: “Like any artist, protecting my life’s work, my musical heritage, is personal. I am convinced that with BMG and Warner Music my work is in professional and reliable hands.
BMG CEO Hartwig Masuch said: “Tina Turner’s musical journey has inspired hundreds of millions of people around the world and continues to reach new audiences.
“We are honored to take on the management of Tina Turner’s musical and business interests. It is a responsibility we take seriously and will diligently pursue. “
Hartwig Masuch, BMG
“We are honored to take on the management of Tina Turner’s musical and business interests. It is a responsibility we take seriously and will diligently pursue. She is truly and simply the best.
Tina Turner and her manager / husband Erwin Bach were advised in the transaction by lawyers Torsten Siefert of Kiso Siefert Dropmann (Germany) and Bär & Karrer (Switzerland). BMG’s advisers included lawyers Lenz & Staehelin (Switzerland), Manatt, Phelps & Phillips (US), Simkins (UK), EY and The Royalty Consultancy.
Tina Turner emerged as a solo artist in the early 1980s with global hit albums such as Private dancer, break all the rules and Foreign business and hit singles, including What does love have to do with it, private dancer, we don’t need another hero (Thunderdome), typical man, I don’t wanna fight, the best and Golden eye.
Tina Turner has received 12 Grammy Awards, has been inducted twice into the Rock ‘n’ Roll Hall Of Fame, was the first black artist and the first female artist to appear on the cover of Rolling stone, and received the Legion of Honor by the French government.
His life has been immortalized in at least three documentaries, including the production of HBO in 2021 Tina. Her story was also featured in the 1993 drama film What does love have to do with it and in the musical Tina: The Tina Turner Musical which received a Tony Award and an Olivier Award.Music trade around the world