The primary massive music business acquisition of 2022 is with us: Warner Music Group, by way of its Warner Chappell Music subsidiary, has acquired the worldwide music publishing rights to David Bowie’s music catalog.
The worth of the deal, lengthy mooted to be bouncing across the $200 million mark, was ultimately agreed at upwards of $250 million, based on Selection.
This implies Warner has introduced two offers spanning over $650 million in acquisition charges up to now three weeks, following the $400 million acquisition of the Kevin Liles-led 300 Leisure in December.
As per its newest deal, Warner has acquired rights in a whole lot of Bowie’s songs, included evergreen hits resembling“Area Oddity,” “Adjustments,” “Life on Mars?,” “Ziggy Stardust,” “Starman,” “Insurgent Insurgent,” “Fame,” “Younger Individuals,” “Golden Years,” “Heroes,” “Ashes to Ashes,” “Trendy Love,” “Let’s Dance,” “The place Are We Now?,” “Lazarus,” and lots of extra.
UPDATE: Warner Music Group has acquired all music rights owned by the Bowie property. Within the case of “Area Oddity”, MBW understands, one other rightsholder, UK-based Bucks Music Group, retains the writer’s share, whereas WMG now owns the author’s share.
The settlement contains songs from the 26 David Bowie studio albums launched throughout his lifetime, in addition to the posthumous studio album launch, Toy.
It additionally contains the 2 studio albums from Tin Machine, together with tracks launched as singles from soundtracks and different initiatives.
Warner Chappell Music Co-Chair and CEO Man Moot mentioned: “All of us at Warner Chappell are immensely proud that the David Bowie property has chosen us to be the caretakers of some of the groundbreaking, influential, and enduring catalogs in music historical past. These are usually not solely extraordinary songs, however milestones which have modified the course of recent music perpetually.
“Bowie’s imaginative and prescient and artistic genius drove him to push the envelope, lyrically and musically – writing songs that challenged conference, modified the dialog, and have turn out to be a part of the canon of world tradition. His work spanned huge pop hits and experimental adventures which have impressed thousands and thousands of followers and numerous innovators, not solely in music, however throughout all the humanities, style, and media. We’re trying ahead to tending his unparalleled physique of songs with ardour and care as we attempt to construct on the legacy of this most extraordinary human being.”
“I’d prefer to thank everybody concerned with making this glorious deal occur,” Moot continued, “together with Invoice Zysblat, Tom Cyrana, and the complete Bowie crew at RZO, lawyer Allen Grubman and agency, in addition to our very personal ‘Group Bowie’ made up of Warner Chappell colleagues Alice Aleksandrovich, Steve Butler, Michael LoBiondo, and David Woirhaye.”
This settlement with WCM follows the announcement final 12 months of a world, career-spanning settlement between Warner Music Group (WMG) and the Bowie property via which Warner Music has licensed worldwide rights to Bowie’s recorded music catalog from 1968. That deal will absolutely kick in subsequent 12 months in 2023.
WCM Co-Chair and COO Carianne Marshall famous: “This implausible pact with the David Bowie property opens up a universe of alternatives to take his extraordinary music into dynamic new locations. This isn’t merely a catalog, however a residing, respiration assortment of timeless songs which might be as highly effective and resonant right now as they had been after they had been first written.
“We had been happy that the property felt that Warner Chappell has the information, expertise, and assets to take the reins and proceed to advertise a set of this stature. All of our international leaders and departments are extremely excited and primed to get to work with these good songs throughout a number of avenues and platforms. And with either side of WMG now representing Bowie’s profession, we couldn’t be higher set as much as symbolize this illustrious physique of labor.”
On behalf of the David Bowie Property and RZO, Allen Grubman added: “We’re really gratified that David Bowie’s physique of music will now be within the succesful arms of Warner Chappell Music Publishing. We’re positive they are going to cherish it and care for it with the best degree of dignity.”Music Enterprise Worldwide