Tina Turner sells music rights to BMG

The First Art Newspaper on the Net    Established in 1996 Tuesday, March 19, 2024


Tina Turner sells music rights to BMG
Turner, 81, has sold over 100 million records. Warner Music will remain the Grammy-winner's record company, BMG said.



NEW YORK, NY.- Legendary American hitmaker Tina Turner has sold her music rights in a major deal with BMG, the record publisher announced Wednesday, the latest legacy artist to cash in on their extensive catalogue.

The terms of the deal were not disclosed, but BMG said it includes all of Turner's artist's share of her recordings and her music publishing writer's share, as well as neighboring rights and name, image and likeness.

Turner, 81, has sold over 100 million records. Warner Music will remain the Grammy-winner's record company, BMG said.

"Like any artist, the protection of my life's work, my musical inheritance, is something personal," Turner said in a statement released by BMG, saying she was "confident" her work "is in professional and reliable hands."

The company's CEO Hartwig Masuch said BMG was "honored" to manage the interests of Turner, responsible for classics including "What's Love Got To Do With It" and "Private Dancer."

"It is a responsibility we take seriously and will pursue diligently. She is truly and simply, the best," Masuch said.

The sale is part of a song rights purchasing boom as financial markets increasingly are drawn to the lucrative portfolios as an asset class.

In many cases, the transactions have come at staggering prices.

Bob Dylan sold his full publishing catalog for a reported sum of $300 million to Universal Music Publishing Group, while Stevie Nicks of Fleetwood Mac sold a majority stake in her catalog reportedly for $100 million.

BMG, part of the Bertelsmann media conglomerate, represents or own rights of the work of celebrities including John Lennon and Ringo Starr, Mick Jagger and Keith Richards, Kurt Cobain and David Bowie.

It said it was planning to announce more acquisitions in the coming weeks.

© Agence France-Presse










Today's News

October 8, 2021

iGavel Auctions Autumn Asian Art Sale now open for bidding

Michelangelo's David not censored at Expo, officials say

Sotheby's to sell late Botticelli masterpiece for $40+ million in January 2022

The Van Gogh Museum opens 'The Potato Eaters: Mistake or Masterpiece?'

Phillips to offer rare painting by Georgia O'Keeffe

Looking close at the fragile beauty of Chinese painting

Landmark Frida Kahlo exhibition opens in the Netherlands

Tanzanian-born novelist Abdulrazak Gurnah wins Nobel Literature Prize

Dep Art Gallery opens an exhibition devoted to the works of Imi Knoebel

Pace Gallery announces installation of monumental Joel Shapiro sculpture at the historic IBM Building

Billy Apple, artist who was his own life's work, dies at 85

Google Arts & Culture launches 'Klimt vs. Klimt: The Man of Contradictions'

Tina Turner sells music rights to BMG

Rodrigo Moynihan now represented by David Nolan Gallery

Winnie-the-Pooh bridge fetches over £130,000 at UK auction

Signed page from Sir Arthur Conan Doyle's 'Hound of the Baskervilles' finds home in Heritage manuscripts event

The Wellin Museum of Art presents the exhibition 'Sarah Oppenheimer: Sensitive Machine'

Venus Over Manhattan opens its first solo exhibition of work by the Polish artist and cult figure Maryan

Exhibition at Heller Gallery reflects on twenty years of Lino Tagliapietra's practice

Their downtown hits are now sharing a Broadway stage

Their Thai cave rescue film was done. Then 87 hours of footage arrived.

Gorgeous Galle vases lead the way in Neue Auctions' Art & Antiques Auction

Review: Carnegie Hall reopens with a blaze from Philadelphia

Exhibition features eight projects by a new generation of Chinese architects

What Agile framework should we choose?

Hyperbaric Oxygen Therapy Cost is Expensive or Cheap

Five Ways Playing Online Casino is Better than the Real Thing

TBC Hunter Guide

Why Is Amazon the Top Contender to Stream NFL Sunday Ticket?

5 Tips for Taking Artistic Talent to the Next Level




Museums, Exhibits, Artists, Milestones, Digital Art, Architecture, Photography,
Photographers, Special Photos, Special Reports, Featured Stories, Auctions, Art Fairs,
Anecdotes, Art Quiz, Education, Mythology, 3D Images, Last Week, .

 



Founder:
Ignacio Villarreal
(1941 - 2019)
Editor & Publisher: Jose Villarreal
Art Director: Juan José Sepúlveda Ramírez

Royalville Communications, Inc
produces:

ignaciovillarreal.org juncodelavega.com facundocabral-elfinal.org
Founder's Site. Hommage
to a Mexican poet.
Hommage
       

The First Art Newspaper on the Net. The Best Versions Of Ave Maria Song Junco de la Vega Site Ignacio Villarreal Site
Tell a Friend
Dear User, please complete the form below in order to recommend the Artdaily newsletter to someone you know.
Please complete all fields marked *.
Sending Mail
Sending Successful