Warner acquires David Bowie’s catalog of songs for around R$250 million

Warner Music Group’s music unit has acquired the British rock star’s entire catalog David Bowie, including hits like “Heroes” and “Let’s Dance”.

Bowie, who experimented beyond the limits of music and his 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 equity holders and Warner Music includes songs from 26 studio albums released during his lifetime, as well as those from the posthumous studio album “Toy”.

Warner Music did not reveal the financial terms of the deal in its announcement on Monday (3), but a person familiar with the matter said the purchase was worth about 250 million dollars.

Bowie’s estate administrators had signed an agreement in September to grant Warner Music global rights to the artist’s catalog from 1968 through 2016.

Bowie rose to fame in the UK in 1969 with “Space Oddity,” a song Bowie says was inspired by Stanley Kubrick’s “2001: A Space Odyssey.” But it was his 1972 character, Ziggy Stardust, a bisexual rocker sent from space, that made him a worldwide star.

Reference: CNN Brasil

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