David Bowie’s Full Catalog Sold For $250m
LONDON - 2001: (FILE PHOTO) Musician David Bowie appears during a live radio interview with Radio One DJ's Mark and Lard at the Radio One Maida Vale studio on in 2001 in London. Bowie was admitted to hospital yesterday for emergency heart surgery. (Photo by Dave Hogan/Getty Images)
David Bowie’s estate has sold the publishing rights to his entire catalog spanning six decades to Warner Chappell Music. The deal was estimated to be worth at least $250 million and was done after months-long negotiations as Variety reports.
The deal also means that virtually all of Bowie’s music is now part of the Warner system. Warner Music Group has handled much of Bowie’s recorded catalog since 2013 and just last September, Bowie’s estate signed a deal that gave Warner Music global rights to the artist’s catalog from 1968 through 2016 including his last few albums that were originally released via Sony Music.
Now that the company has acquired Bowie’s publishing catalog as well, they oversee the copyright to his compositions as well as recordings.
“All of us at Warner Chappell are immensely proud that the David Bowie estate has chosen us to be the caretakers of one of the most groundbreaking, influential, and enduring catalogs in music history,”
Said WCM chief executive Guy Moot, in a statement.
The deal includes all the beloved classics from Bowie such as “Heroes,” “Space Oddity,” and “Life on Mars?,” as well as posthumous Toy, which was released last year.
“These are not only extraordinary songs, but milestones that have changed the course of modern music forever,” Moot added, “We are looking forward to tending his unparalleled body of songs with passion and care as we strive to build on the legacy of this most extraordinary human being.”
Bowie is the most latest acclaimed artist whose catalogs have sold. Last couple of years, many iconic artists have done the same such as Bob Dylan, Neil Young, and Bruce Springsteen.