The deal comes ahead of the drama’s June premiere. “Elvis” from the director Baz Luhrmana biographical film of the singer of “Heartbreak Hotel”made by Tom Hanks Y austin butler.
The rights to the Elvis catalog are currently owned by Authentic Brands Groupwhose portfolio includes celebrity brands such as Marilyn Monroe Y Muhammad Ali.
Hailed as the best-selling solo artist of all time, Presley has sold more than 500 million records and holds the distinction of the most songs on the top 40 list of Billboardwith 114 hits.
The deal comes at a time when music companies are trying to boost revenue from copyright fees, buying or managing artists’ catalogues, after the pandemic delayed the release of new recordings and affected flows. from income.
Earlier this year, British singer-songwriter Sting sold the catalog of his musical career to UniversalMusicwhile the editorial unit of Warner Music Group acquired the complete catalog of the late British rock star David Bowiespanning six decades.
Source: Ambito
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