David Bowie Estate Sells Entire Edition Catalog
The David Bowie estate sold the worldwide publishing rights to the late rocker’s robust catalog to Warner Chappell Music in a deal valued at more than $ 250 million.
The deal includes songs from Bowie’s 26 studio albums, from his self-titled 1967 debut to his 2016 album. Black Star, released two days before his death. It also includes the posthumous studio album Toy, which releases Friday, the two studio albums released by the hard rock band at the head of Bowie Tin Machine and various singles from the soundtracks and other projects.
Warner Chappell, a subsidiary of Warner Music Group, did not disclose details of the deal, but sources said Variety that Bowie’s publishing rights were “over $ 250 million.” Last year, Warner Music secured the global licensing rights to Bowie’s catalog of recorded music from 1968 to 2016, an agreement that will take effect in 2023. The company now owns all of Bowie’s work as a songwriter and recording artist.
Financial Time reported in October that Bowie’s catalog had sparked a bidding war, as several companies purchased the publishing catalogs of mainstream artists in recent years. Last month, ZZ Top sold its “entire musical interests” to BMG and KKR for an estimated $ 50 million. Almost exactly a year ago, Hipgnosis Songs Fund snatched up half of Neil Young’s catalog for $ 150 million.
Other recent edition sales include Motley Crue ($ 150 million), Stevie Nicks ($ 100 million), Bob Dylan (est. $ 300-400 million) and Bruce Springsteen, who sold his masters and its publishing catalog for $ 500 million last month.
Bowie earned a reputation as one of rock’s greatest shape-shifters during his roughly five-decade career. Its catalog includes canonical hits such as “Space Oddity”, “Changes”, “Rebel Rebel”, “Ziggy Stardust”, “Fame”, “Golden Years”, “Let’s Dance”, “Modern Love” and many more. . The edition sale is another victory for Warner Chappell, who also acquired the catalogs of Bruno Mars, Cardi B, Quincy Jones and the estate of George Michael, among others.
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