It’s only January 3, and there’s news about a major publish repurchase. Warner Chappell, the publishing arm of Warner Music Group, announced Monday that it has acquired the rights to Davie Bowie’s song catalog from the singer-songwriter’s estate. The deal includes every song Bowie wrote – all of the compositions he wrote for his album, plus those he wrote for the band Tin Machine and various soundtrack projects, throughout his career. his career. Bowie died in January 2016 of liver cancer.
“All of us at Warner Chappell are incredibly proud that the David Bowie estate has chosen us to be the custodians of one of the most groundbreaking, influential, and enduring catalogs in music history,” said co. Warner Chappell president and CEO Guy Moot said in the statement. “These are not only extraordinary songs, but also milestones that have changed the course of modern music forever. Bowie’s vision and creative genius drove him to propel the movement, both lyrically and musically – writing songs that defied convention, changed the conversation, and became part of a global culture. ”
After signing some bad deals during his career, Bowie became savvy about monetizing the rights to both his songs and recordings, to which he could get the rights back. In 1997, Bowie signed a 15-year contract to license his catalog to EMI Music and fund some of his future royalties in the form of “Bowie bonds”, which raised $55 million. la – some of which he used to buy his former manager’s shares in his back portfolio.
In recent years, Bowie’s estate has taken on more business with Warner Music Group. The company acquired some rights to Bowie’s catalog when it purchased Parlophone Label Group from Universal Music Group, which had to sell some assets as a condition of acquiring EMI. Last year, Warner signed a global deal to license Bowie’s catalog of recorded music, starting in 2023, and the label now has most of those rights. That means the company is now home to both Bowie’s recording and publishing rights.
Warner Chappell co-chairman and COO Carianne Marshall said in the announcement: “This amazing deal with the David Bowie estate opens up a universe of opportunities to take his exceptional music to dynamic new places.” Warner Chappell co-chairman and COO Carianne Marshall said in the announcement. “We are pleased that the establishment feels that Warner Chappell has the knowledge, experience, and resources to continue to promote and continue to promote a collection of this magnitude.”
Bowie’s estate is represented in the settlement by attorney Allen Grubman and Bill Zysblat’s team at financial management firm RZO.
https://www.billboard.com/business/publishing/david-bowie-publishing-catalog-warner-chappell-1235015168/ David Bowie Estate Sells Publishing Catalog to Warner Chappell – Billboard