Entertainment
Tina Turner sells music rights to BMG in $50m blockbuster deal
Agency Report
Legendary American hitmaker, Tina Turner, has sold her music rights in a major deal with BMG, the record publisher announced on 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 sale is part of a song rights purchasing boom as financial markets increasingly are drawn to the lucrative portfolios as an asset class.
-
Metro24 hours ago
Kogi bricklayer’s son gets scholarship after 323 UTME score
-
News21 hours ago
EFCC hands over $22,000 ‘yahoo yahoo’ proceed to FBI
-
Metro19 hours ago
Cross River govt dismantles 50 illegal revenue points
-
Crime19 hours ago
Stepmother arrested for burning co-wife’s children’s hands
-
News22 hours ago
Burkina Faso, Mali, Niger form new confederation after ECOWAS exit
-
Metro17 hours ago
Japa: Nigerians react as Pastor says ‘generations will regret’ it
-
Metro22 hours ago
Pastor stops offering collection in church due to hardship
-
featured12 hours ago
Usyk beats Fury, becomes undisputed world heavyweight boxing champion