Warner Music Group acquired the rights to all songs by British rock artist David Bowie for $ 250 million from his heirs. This is reported by the Financial Times, citing sources.
“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 interests of the heirs, confirmed to the publication that the deal was done.
According to the publication, the deal includes the rights to 26 studio albums by David Bowie. The rock artist died in 2016 and left his property to his second wife Iman and two children.
The songs of famous artists have been generating income for several decades as they continue to be broadcast and played on radio, films and advertisements, the publication notes.
These catalogs have generated income for decades as songs continue to be broadcast, played on radio, or used in films and advertisements.
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