Warner Chappell Music purchased the music publishing rights to David Bowie’s music catalog from the singer’s estate.
The agreement includes the body of work by the late artist, which includes hundreds of songs spanning a six-decade career. Mr. Bowie died in 2016 after being diagnosed with cancer. He was 69 years old.
Terms of the deal were not disclosed, but someone familiar with the deal estimated the catalog sold for around $ 250 million. Warner Chappell Music is the music publishing arm of Warner Music Group.
It includes hundreds of songs from Mr. Bowie’s 26 studio albums, such as âSpace Oddityâ, âChangesâ, âLife on Mars? “,” Starman “and” Rebel Rebel “. It also includes a posthumous album release, “Toy”.
“We are truly delighted that all of David Bowie’s music is now in the capable hands of Warner Chappell Music Publishing,” said Allen Grubman, lawyer for the David Bowie estate.
Mr. Bowie’s career has transcended music. Albums such as “The Rise and Fall of Ziggy Stardust and the Spiders from Mars” from 1972, as well as his lively performances, made him a symbol not only of music, but also of art and fashion.
âThese are not just amazing songs, but milestones that changed the course of modern music forever,â WCM Co-Chairman and CEO Guy Moot said in a written statement.
The sale comes as several living artists have also sold the rights to their music at high valuations. Last month, Bruce Springsteen sold the rights to his music to Sony Music Group for between $ 500 million and $ 600 million.
Madonna and her original music label, Warner Music Group, announced last summer that they would team up on a deal that would cover her entire catalog of recorded music and include re-released albums and new luxury editions organized by the performer over the next few years.
In 2020, Bob Dylan sold his entire publishing catalog – over 600 copyrights spanning 60 years – to Universal Music Publishing Group.
That same year, Stevie Nicks struck a deal to sell a controlling stake in its publishing catalog to music publisher Primary Wave, which bought an 80% stake.
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Appeared in the January 4, 2022 print edition under the title “David Bowie’s Music Rights Sold For $ 250 Million”.