According to several news outlets, the entire music catalog of David Bowie was sold by his estate to Warner Chappell Music for over $250 million.
The Forum in Copenhagen hosted a performance by David Bowie on October 7, 2003
The images are from the same source.
The posthumous album Toy will be released on Friday, the day before the singer's 75th birthday, and three days before the sixth anniversary of his death from cancer, according to Variety.
According to the Hollywood Reporter, WCM now owns hundreds of hit solo tracks like "Changes" and "Fame", as well as the collaboration with Queen, " Under Pressure."
Warner Chappell Music, a subsidiary of Warner Music Group, was able to license the rights to his music catalog from 1968 to 2016 after an agreement was reached with the estate of David Bowie.
Forbes requested comment from Warner Chappell Music.
Guy Moot, co-chair and CEO of WCM, told the Hollywood Reporter that they are looking forward to tending his unparalleled body of songs with passion and care.
The key background.
The Financial Times reported in November that Warner Music Group was in talks to buy the songwriting catalog of David Bowie. Bob Dylan sold his catalog to Universal Music Group, Paul Simon sold his to Sony Music Publishing and Stevie Nicks sold a majority stake in hers to Primary Wave Music. WMG has made a number of major moves in the past. 300 Entertainment, which is home to artists including Megan Thee Stallion and Mary J. Blige, was acquired by the company last month for $400 million. WMG acquired 12Tone Music, which includes Anderson.Paak and Dolly Parton, and Zhara music, an independent Russian label.
Bob Dylan sold his songwriting catalog to Universal Music Group.
Warner Music Group bought Mary J. Blige's record label.
The catalog sale by Paul Simon is one of the biggest in music.
