What will be the next megabucks music catalogue acquisition? According to the Financial Times, it may be the late David Bowie’s songwriting catalogue. Its report claims that “talks are at an advanced stage” for a deal that could be in the region of $200m, after several bids.
From whom? That’s where the FT doesn’t even speculate, merely noting that investment firms like KKR and Blackstone have “committed billions of dollars to buying music rights” while Universal Music and Warner Music “have gone public at lofty valuations”.
WMG recently signed a long-term licensing deal with Bowie’s estate covering his recorded music catalogue, but any number of companies could be in the mix to buy his songwriting catalogue. “A deal could be announced in the coming weeks,” according to the FT’s sources. Place your bets now…
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Tools :: Wyng
Through Music Ally’s internal marketing campaign tracking, we’ve recently discovered an interesting website by the…