American record company Warner Music bought the rights to all songs by British composer and rock artist David Bowie for $ 250 million from his heirs. About this on Monday, January 3, writes Variety, citing sources.
The interlocutors of the publication clarified that the sale agreement includes 26 studio albums released during the musician’s lifetime: the catalog includes songs such as Heroes, Changes, Space Oddity, Fame, Let’s Dance and others. In addition, Warner Music has acquired the posthumous album Toy, which will be released on Friday.
“The deal transfers almost all of Bowie’s songs to Warner,” the newspaper said.
The announcement of the purchase of the rights came ahead of the singer’s 75th birthday, which will be celebrated on January 8th.
“We are truly pleased that David Bowie’s music will now be in the safe hands of Warner Chappell Music (part of Warner Music Group – Ed.),” Attorney Allen Grubman, representing the heirs, told Variety.
As follows from the material, the Financial Times reported information about the negotiations on the sale of Bowie’s musical property in October.
On October 25, it was reported that in honor of Bowie’s upcoming anniversary, a store dedicated to the artist’s work was opened in London. The outlet will be open until the end of January near Piccadilly Circus in the city center.
Another store dedicated to the musician is slated to open in Worcester Street, New York, near where Bowie lived during the making of Blackstar (2016).
On September 29, it became known that the song was released from an unpublished album by David Bowie.
David Bowie died on January 10, 2016 at the age of 69 in New York from liver cancer, which he had been battling for the past year and a half. Shortly before his death, he released the album Blackstar. Bowie’s album sales soared 50 times soon after his death. Over the course of his career, he has sold over 136 million of his records and is among the ten most successful artists in the history of popular music in Great Britain.
Songs by famous artists continue to generate income after their deaths, as they are broadcast on radio, in films and in advertisements.
Source: IZ
Jane Stock is a technology author, who has written for 24 Hours World. She writes about the latest in technology news and trends, and is always on the lookout for new and innovative ways to improve his audience’s experience.
