David Bowie’s music catalog attracts $ 200 million in auction

David Bowie

In the wake of Tina Turner’s extended $ 50 million rights deal with music publisher BMG, a spate of $ 1 million music catalog sales – but posthumously this time. In dollar terms, the list is led by David Bowie, whose legendary collection of songwriters has “attracted an auction of around $ 200 million,” according to the Financial Time.

The succession of the British singer-songwriter is said to be in advanced negotiations and an agreement could be announced before the end of the year. The deal is believed to encompass Bowie’s entire career, which spanned 54 years, spanning decades of albums such as The Rise and Fall of Ziggy Stardust, Spiders of mars, Hero and Black Star, his 25th and last songbook released two days before his death on January 10, 2016.

In September, Bowie’s estate entered into a long-term licensing agreement with Warner Music for parts of its recorded music catalog, Variety reported. The company already owned a significant portion of the singer’s recorded music following a 2012 deal with London-based Parlophone Label Group and has reissued several tracks since.

There are two copyrights to a song: one for recorded music and one for lyrics.

Bowie, real name David Robert Jones, had a net worth of around $ 100 million at the time of his death, according to court documents. He would have left half of his estate to his wife, model Iman, and the rest was largely shared between his two children from two marriages, Alexandria Zahra Jones, now 21, and Duncan “Zowie Bowie “Jones, 50 years old. We do not know who inherited the space oddity songwriting catalog of the singer’s songs.

Bowie also capitalized on its catalog itself, selling asset-backed securities in 1997. Dubbed Bowie bonds, they gave investors a share of its future royalties for 10 years. The move allowed the singer to buy out his former manager, Tony DeFries.

Last year, musicians like Madonna, Paul Simon, Neil Young, Stevie Nicks, David Guetta, and Bob Dylan sold their nine-figure catalogs to music labels, publishers, private equity groups and companies. specialized funds.

But estates of long-missing musicians have also joined what is known as a gold rush for music copyright. Bing Crosby’s heirs have sold their stakes in his estate to Primary Wave Music for more than $ 50 million. This includes thousands of recordings by Crosby and other artists, many of which have never been released before.

The music publisher will strive to increase Crosby’s digital footprint for a generation unfamiliar with his job. “People associate dad with Christmas, but in the 1940s and 1950s they didn’t associate him with Christmas. They’ve associated dad with tons of stuff and that’s what I want to bring back, ”Crosby’s son Harry told AP.

In July, Primary Wave acquired 42% of Prince’s estate, which is still probate five years after his death. In October, the company paid $ 40 million to purchase the Luther Vandross edition, the main recording income stream, and the name and likeness rights to his estate. Primary Wave also has substantial interests in the song catalogs of Whitney Houston, Ray Charles and Bob Marley.

Catalog music – defined as anything over 18 months old before being purchased – now accounts for 66.4% of U.S. listening sales from January to June of this year, according to the analytics provider MRC Data.

Ed sheeran

In the wake of his new album = (Equals), Ed Sheeran has been declared the UK’s richest young celebrity for the third year in a row. The UK singer-songwriter’s net worth is now estimated at £ 236.5million ($ 321.9million), according to Heat the magazine’s new Rich List, an annual compilation of the richest stars in the UK and Ireland aged 30 and under.

Sheeran, who turns 31 in February, has sold more than 150 million records worldwide, putting him in the same league as Kanye West, Justin Bieber, U2 and Aerosmith.

Although he has five best-selling albums to his name, tours and mentions also contribute to Sheeran’s fortunes. His two-year ÷ (Divide) tour grossed $ 776.2 million on 8.9 million tickets between 2017 and 2019, according to Billboard data. The Form of you The singer has also backed an assortment of brands, from music accessory maker Dunlop to Heinz Ketchup, whom he reached out on Instagram.

Earlier this year, Sheeran reportedly signed a million dollar deal to become the face of video-sharing platform TikTok.

Its popularity has also enabled fraudsters to try to extract money from unsuspecting victims of an online investment scam using fake news articles last year, the report said. UK National Cyber ​​Security Center.

According to popular financial advice, you should have collected the equivalent of your annual salary by the age of 30, but Sheeran’s fortune puts it well ahead of that benchmark. His annual net salary, estimated by Forbes, an average of about $ 64 million.

In January, Sheeran reportedly paid more than £ 28million in taxes after a lucrative 2020, including £ 3.8million on a £ 10million dividend from his music sales company.

Former One Direction member Harry Styles, 27, was ranked second on Heatwith an estimated overall net worth of £ 80million, followed by Little Mix (£ 66.7million) and Niall Horan (£ 57.5million). Model and actress Cara Delevingne, with an estimated net worth of £ 52million, rounds out the top five.

Bruce springsteen

The music catalog juggernaut continues to roll, with rock singer Bruce Springsteen now also in talks to sell the rights to his recorded and published music catalog under two separate deals with Sony Music, Variety said this week.

The chords would leave Springsteen much richer. The Born to run the singer’s combined album and song catalogs are estimated at between $ 330 million and $ 415 million, according to Billboard.

Springsteen has world record sales of over $ 150 million and a huge catalog of songs that generates hundreds if not thousands of covers every year. Billboard estimates that the Springsteen album catalog generated around $ 15 million in revenue in 2020, while its publishing catalog brings in around $ 7.5 million per year.

While he was signed with the Sony subsidiary Columbia since the 1970s, Springsteen later acquired the rights to his music through a contract renegotiation. The singer also owns the rights and sells dozens of archival recordings live on his website, bypassing record labels altogether.

Separately, he grossed more than $ 840 million in touring dollars between 2010 and 2019, according to Pollstar – just a decade out of a career spanning nearly 60 years.

Springsteen’s net worth is estimated at $ 500 million.

Owen Wilson

Actor Owen Wilson was involved in a series of Series A fundraisers at Abbot’s Butcher, a high-end vegetable meat producer. Actor Woody Harrelson and his businesswoman Laura also joined the tour, along with existing investors Unovis and SOSV.

The size of the funding round has not been made public. The capital increase will be used to fuel growth in restaurant services, expand retail distribution and support new product development, the company said.

Founded in 2017 by animal rights activist Kerry Song, Abbot’s Butcher specializes in pea protein products, vegetables, herbs, spices, extra virgin olive oil and vinegars. The brand is available in more than 800 retail and restaurant outlets across the United States.

As a mom, I’m constantly on the lookout for products that are safe, eco-friendly, plastic-free, and made from a mom’s perspective.

Dia Mirza, Bollywood actor

Wilson is estimated to have a fortune of $ 70 million, with his investments mostly comprising a lucrative real estate portfolio. Harrelson, who has been a vegan for over 30 years, is said to have a net worth of $ 68 million. His wife Laura has assets worth $ 4 million.

The two players also invested in Australian graphic design platform Canva in 2015. The Sydney-based company raised a total of $ 572.6 million in more than 16 funding rounds, according to Crunchbase.

Dia Mirza

Bollywood actor Dia Mirza has partnered with wooden toy brand Shumee as a strategic investor and brand ambassador.

The company was founded in 2016 to meet a need for handcrafted toys made by hand with wood, cotton and other natural materials that are safe for children. He claims to have sold more than 200,000 toys in six countries, mostly through online channels.

“As a mom, I’m constantly on the lookout for products that are safe, eco-friendly, plastic-free, and made from a mom’s perspective,” said Mirza.

She described her investment as an invaluable opportunity to expand her understanding of life, herself and the world.

“As a mother, you become deeply in tune not only to your child, but also to the well-being of the planet, other children, and all forms of life. I’m excited to support a brand that does a great job and defines the category in this space. “

The actor has a net worth of $ 3 million, according to Indian media estimates.

Updated: November 7, 2021 5:00 a.m.

About Michael Terry

Check Also

Why country star Dwight Yoakam worried his cover of Elvis Presley’s ‘Suspicious Minds’ might fall apart on Rock Radio

TL; DR: Country singer Dwight Yoakam covered Elvis Presley’s “Suspicious Minds”. Yoakam is a fan …

Leave a Reply

Your email address will not be published.