David Bowie’s comprehensive library, which spans six decades and includes songs like “Heroes,” was purchased by the Publishing Division of Warner Music Group.
Bowie pushed the boundaries of music and his own sanity to create some of the most inventive songs of his generation. Sadly, he passed away in 2016 at the age of 69.
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Songs from Bowie’s 26 studio albums, as well as the posthumous studio album release, are included in the contract.
Financial parameters for the sale were not disclosed in Warner Music’s announcement on Monday. But a source close to the situation said it was worth around $ 250 million.
The pandemic has impacted physical income streams and delayed the release of new records. The companies decided to increase the royalties by buying artist libraries.
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Warner Music, home to artists like Cardi B, Ed Sheeran and Bruno Mars, has teamed up with Madonna to relaunch her entire repertoire over the next three years.
The deal with David Bowie’s estate comes days before the rocker’s 75th birthday on January 8.