
David Bowie estate sells his songwriting catalog to Warner Chappell Music in latest such mega-deal
CBSN
New York — David Bowie's estate has sold the publishing rights to his "entire body of work" to Warner Chappell Music, the company said Monday, the latest massive deal in a roaring song rights purchasing boom.
Warner Chappell didn't reveal financial terms of the agreement, but according to trade publications the price tag is estimated at upwards of $250 million.
Recent years have seen a series of blockbuster music rights acquisitions by corporations -- including from superstars Bruce Springsteen, Bob Dylan and Tina Turner -- a trend driven by the anticipated stability of the growth of streaming combined with low interest rates and dependable earning projections for time-tested hits.
More Related News