Tina Turner sells the rights to her 60-year music catalog | Tina turner
Tina Turner has sold the rights to her music catalog spanning six decades, including hits such as What’s Love Got to Do With It and Private Dancer, to music publishing company BMG.
The “queen of rock’n’roll” has sold her shares of artist and writer of her recordings, as well as the management of her name, image and likeness, as part of the biggest contract with only one artist in the history of BMG. The amounts involved were not disclosed.
Turner, 81, is the latest major artist to cash in on the meteoric value of evergreen hits in the streaming age, following in the footsteps of Bob Dylan’s $ 300 million deal with Universal Music and the Neil Young’s agreement with the music company Hipgnosis.
The streaming revolution has created a gold rush for artist royalty rights, and for aging stars, it’s increasingly becoming an important part of estate planning.
Turner, who will continue to be a recording artist on the Warner Music books after the deal, recognized the need to plan. “Like any artist, protecting my life’s work, my musical heritage, is something personal,” she said. “I am convinced that with BMG and Warner Music my work is in professional and reliable hands. “
In December, Dolly Parton, whose hugely valuable song portfolio includes I Will Always Love You and 9 to 5, said she was considering selling her 3,000 song credits “for business, estate planning and other reasons. family “.
BMG, part of media conglomerate Bertelsmann, which owns pan-European broadcaster RTL and publisher Penguin Random House, already represents or owns the rights to the work of stars such as Mick Jagger and Keith Richards, John Lennon and Ringo Starr, Mick Fleetwood, Iron Maiden, Kurt Cobain and David Bowie.
“Tina Turner’s musical journey has literally inspired hundreds of millions of people around the world and continues to reach new audiences,” said Hartwig Masuch, CEO of BMG. “We are honored to take on the management of Tina Turner’s musical and business interests. “