Tina Turner has sold his musical rights to BMG, announced on Wednesday the musical seal, thus becoming the last artist who monetizes his extensive legacy.
The terms of the agreement have not been revealed, but BMG announced that it includes part of the recordings and copyright in possession of the artist as well as related rights, name and image.
Turner, 81, has sold more than 100 million discs.
Warner Music will remain the recording company of the Grammy winner, BMG confirmed.
“As for any artist, the protection of the work of my life, my musical legacy is something personal,” Turner said in a statement reported by BMG, in which he stresses that he is “safe” that his work is “in professional hands and
Reliable “.
The President of the Company, Hartwig Masuch, said that BMG feels “honored” to be able to manage the interests of Turner, author of classics like What’s Love Got to do with it and Private Dancer.
“It’s a responsibility that we take seriously and carry out diligently, it’s, simple and plainly, the best,” said Masuch.
The sale is part of the current Boom of Musical Rights Acquisitions in the financial markets that are increasingly attracted by the lucrative portfolios of this type of assets.
In many cases, transactions have had dizzy prices.
Bob Dylan would have sold his full catalog for 300 million dollars to Universal Music Publishing Group, while Stevie Nicks from Fleetwood Mac sold most of his for 100 million.
BMG, which is part of the Bertelsmannia media conglomerate, represents or has celebrity rights such as John Lennon and Ringo Starr, Mick Jagger and Keith Richards, Kurt Cobain and David Bowie.
