The Warner Music Group publishing unit purchased British rock star David Bowie’s entire catalog spanning six decades, including hits such as “Heroes” and “Let’s Dance”.
Bowie, who pushed the boundaries of music and his own sanity to produce some of the most innovative songs of his generation, died in 2016 at the age of 69.
The deal between Bowie’s estate and Warner Music includes songs from all 26 studio albums released during his lifetime, as well as the release of the posthumous studio album “Toy”.
Warner Music did not disclose the financial terms of the deal in its announcement on Monday, but someone familiar with the matter said the purchase was worth around $ 250 million.
Bowie’s estate signed an agreement in September that granted Warner Music worldwide rights to the artist’s catalog from 1968 to 2016.
Bowie rose to fame in Britain in 1969 with “Space Oddity,” whose lyrics were inspired by watching Stanley Kubrick’s film “2001: A Space Odyssey” while he was high.
But it was his 1972 portrayal of doomed bisexual rock envoy “Ziggy Stardust” from space that propelled him to global stardom.
The deal for its catalog is the latest in the media rights industry, where companies have sought to increase royalties by purchasing artist catalogs after the pandemic hit physical revenue streams and delayed the release of new recordings .
Warner Music, home to musicians such as Cardi B, Ed Sheeran and Bruno Mars, has also teamed up with popstar Madonna to relaunch their entire catalog over the next several years.
His deal with Bowie’s estate comes days before the rock star’s 75th birthday on January 8.