Tina Turner sold the rights to their music catalog spanning six decades – including the songs “What’s Love’s Got to Do With It” and “The Best” – to music publishing company BMG.
The veteran singer has sold the artist’s share of her recordings, her music publication author’s share, neighbor rights and name, image and likeness as part of the deal, according to BMG, which did not disclose financial terms.
Industry experts estimate the deal to be worth more than US$50 million, according to specialist publication Music Business Worldwide. reports.
BMG CEO Hartwig Masuch said in a statement, “Tina Turner’s musical journey has inspired millions of people around the world and continues to reach new audiences. We look forward to working with Tina Turner to manage her music and business interests.” are regarded.” “It’s a responsibility we take seriously and will diligently move forward.”
BMG said Turner, now 81, was the first black artist and the first female artist to appear on the cover of Rolling Stone. His solo works include 10 studio albums, two live albums, two soundtracks and five compilations, which have sold over 100 million records in total.
At the end of this month, he will be included in Rock ‘n’ Roll Hall of Fame second time.
“Like any artist, protecting my life’s work, my musical legacy, is something personal,” Turner said in a statement. “I am confident that my work with BMG and Warner Music is in professional and trustworthy hands,” he added.
Warner Music remains Turner’s record company, BMG said.
Music publishing has become increasingly lucrative in recent years, especially in light of the coronavirus pandemic, which has halted and disrupted live performances around the world.
Last year, Bob Dylan In a “historic agreement” with Universal Music Publishing Group, it sold its entire song list, covering over 600 songs over 60 years.
And this year, folk-rock superstar Neil Young sold a 50 percent stake in his song catalog to investment company Hipgnosis. estimated $150 million.