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Entertainment Warner puts the hand on the catalog of David Bowie for a sum

05:05  05 january  2022
05:05  05 january  2022 Source:   pressfrom.com

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Warner met la main sur le catalogue de David Bowie pour une somme XXL © Dave Benett / Contributor / Getty Images Warner puts the hand on the catalog of David Bowie for an XXL sum if no amount has been officially announced The Variety site estimates that this transaction could reach $ 250 million.

It's a big shot for the Chappell Music Warner. The company announced, Monday, January 3, having purchased the rights of the David Bowie repertoire, for more than $ 250 million in the specialized press, last episode of a series of acquisitions of giant catalogs from the music become Attractive assets. At all first "David Bowie" in 1967, at the opus posthumous "Toy", released in November 2021, "This historic agreement includes the whole of the work of Bowie", 26 recorded albums of the living of the artist And hundreds of songs, including the legendary "Space Oddy", "Ziggy Stardust", "Heroes" or "Let's Dance", welcomed Warner Chappell Music in a statement.

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The subsidiary of the American group Warner Music, one of the three "majors" of the musical industry with Sony and Universal, does not specify amount. It would exceed the $ 250 million according to the Variety site. Glam-rock precursor, capable of creating unique universes with his characters like Major Tom, Ziggy Stardust, David Bowie remains one of the most influential musicians of the twentieth century. The British celebrated his 75 years on January 8th if he had not died almost 6 years ago, on January 10, 2016, of cancer.


Video: Warner Music offers the catalog of David Bowie for more than $ 250 million (dailymotion)

Stable values ​​ The agreement, past with the heirs of Bowie, means that

Warner is now owner of the catalog The entire artist, as an author and singer, while the group already managed its catalog of recorded pieces. This transaction is the last episode of a long series of redemptions of catalogs of artists dead or alive but deemed timeless, become valuable assets especially with the revolution of streaming.

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Last Dated, The "Boss"

Bruce Springsteen sold his repertoire to Sony mid-December for an estimated amount at 500 millions of dollars. Before him, Tina Turner, Neil Young or Bob Dylan had similar agreements. These catalogs are now stable values ​​and interest the major groups of the music industry but also investment funds.

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