According to anonymous sources, the publishing rights to David Bowie’s great and unique songs were sold through his estate to Warner Chapel Music (WCM), the publishing arm of the Warner Music Group, for at least $ 250m (£ 185m). Variety speaks.
WCM CEO Gai Mood said: “These are not just extraordinary songs, but milestones that will forever change the course of modern music.
What this deal means is that Warner now owns the rights to Bowie’s songwriting and almost all of its recordings. In September 2021, the company concluded an agreement to purchase Bowie’s records from 2000 to 2016 until his death, adding to records already held from 1968 to 1999.
A small repository of pre-recorded music by Bowie in the late ’60s is no longer owned by Warner Music. The company has been re-packing Bowie’s back list in box sets in recent years.
Bruce Springsteen, Bob Dylan, Neil Young and various members of Fleetwood Mac The deal is the latest in a series of major acquisitions by various companies on the list of pop artists.
These agreements allow publishing companies to receive revenue from royalties, as well as when licensing music for use in movies, TV and advertising.
The terms of the Bowie contract have not been released, but the Bowie Garden has historically closely controlled the use of his work. 2020 Biography Startust, About the birth of Bowie’s Ziki Stardust personality The estate forbade the use of Bowie’s music.
WCM Co-Chair Carianne Marshall said: “We are delighted to realize that Warner Chapel has the knowledge, experience and resources of the estate and will continue to promote this set of statuses. All of our global leaders and departments are incredibly enthusiastic and pioneers in working with these wonderful songs in a variety of ways and platforms.
Another film that has been blessed by the estate is filmmaker Brett Morgan’s upcoming untitled documentary, which he uses as the basis for thousands of hours of rare and unseen live performance footage.