Warner Music has acquired David Bowie’s songbook for about $250 million , the latest mega-deal in a frenzy for music copyrights that has attracted billions of dollars from investors.
The acquisition spans the publishing rights to Bowie’s 26 studio albums over his six-decade career, including songs such as Life on Mars? and Let’s Dance. The deal is a coup for Warner, as the traditional music companies must compete with private equity giants and specialist investors aiming to gobble up music copyrights.
Financial terms were not disclosed, but Warner paid about $250 million for the catalogue, according to people familiar with the matter. The Financial Times reported in November that the companies were in talks.
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