David Bowie, during a performance at the Glastonbury festival, June 25, 2000.Jim Dyson (Getty Images)
The record company Warner Chappell announced this Monday the purchase of the works of David Bowie as a composer, which includes 26 studio albums, from the debut album
David Bowie,
released in 1967, to the last,
Blackstar,
of 2016, year of the artist's death at age 69.
The company has not disclosed the acquisition price of the collection, but
The New York Times
estimates the value at more than 220 million euros.
After that transaction made with the heirs of the British artist, almost all of the star's work will be under one corporate roof.
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The American music publisher and a subsidiary of Warner Music Group will have the global music publishing rights to more than 400 songs by the artist, including the greatest hits
Space Oddity
,
Changes
,
Ziggy Stardust,
Let's Dance
and
Heroes
. The deal also includes the posthumous album
Toy,
recorded in 2001 - but which was never released due to disagreements with the record company - and which will finally see the light this Friday. The deal also includes material from Bowie's short-lived band Tin Machine, as well as other projects.
In September, the company had already announced an agreement with Bowie's estate giving Warner the rights to release all of the artist's recordings since 1968. With this new agreement, WMG is now home to Bowie's work as a songwriter and artist. of recording. Warner Chappell CEO Guy Moot said in a statement: "These are not just extraordinary songs, but milestones that have changed the course of modern music forever."
This deal is the latest in a series of huge music rights deals, driven by the growing value of music in the age of
streaming.
Last month, Bruce Springsteen sold his work as a songwriter and recording artist to Sony Music for about $ 550 million (almost € 490 million).
Over the past year, other major sales have included the work of Bob Dylan, Paul Simon, Tina Turner, Mötley Crüe, ZZ Top, and Shakira.
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