MusicFrench DJ David Guetta, 53, has sold his entire music catalog to Warner Music. misc writes that. This relates to all the music Guetta has recorded over the past two decades, as well as the music he will be making in the future.
David Guetta is one of the most famous DJs in the world and has scored goals like “When Love Takes Over”, “Gettin’ Over You” and “Sexy Bitch”. The Frenchman has sold at least 50 million records and managed to reach around 14 billion Streaming. Now he’s also made a particularly lucrative deal with Warner Music Inc. The record company has bought the rights to all Guetta’s recorded music and music he will create in the future. Unlike most other recent sales, this is only about recorded music, not the songwriter’s catalog.
It’s not clear how much Guetta got the deal. The Financial Times reported $100 million (about 83 million euros), and according to Music Business Worldwide, the amount is closer to $150 million (about 126 million euros). A source tells Variety that it’s less than $100 million, but somewhere near that number. The exact amount is difficult to say, because Guetta’s future music was also taken into account.
Jean-Charles Carey, business partner and director of Guetta, explains at Variety why Warner Music was chosen. “Many people have contacted us to express their interest in David’s music catalog. We have decided to continue our partnership with Warner because they know and are passionate about David’s music. In addition, they have a global team that is constantly working to put music in a new context.”
Nowadays, a lot of artists are selling their own music catalog. Bob Dylan has reportedly brought in around $300 million (€252 million) for his music, and Shakira, Imagine Dragons, and Neil Young, among others, have also decided to accept a check.
Tax advantage, less money or less stress: why musicians are selling their music catalogs en masse (+)
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