Sting is the latest artist to sell the share of his songwriting catalog for hundreds of millions of dollars, with the singer striking a deal with Universal Music Group for his solo hits and those he wrote for the police.
According to New York Times, although financial terms were not disclosed, the deal is believed to be worth around $250 million. The deal covers all of Sting’s output as a songwriter, including Police songs like “Every Breath You Take” and “Every Little Thing She Does Is Magic” to solo singles like “If I Ever Lose My Faith in You” and “Fields of Gold”. ”
Universal Music Group previously acquired ownership of the Police and Sting recorded output in addition to the new deal covering Sting’s songwriting; through mergers, Police and Sting released all of their albums under the Universal label umbrella.
“It is absolutely essential to me that all of my professional work has a home where it is valued and respected,” Sting said in a statement. “Not only to connect with longtime fans in new ways, but also to introduce my songs to new audiences, musicians and generations.”
“So many memories of my youth are tied to the great songs Sting wrote – whether it was first seeing the police perform in Philadelphia or listening to his music on the radio or playing those albums until I wears them out,” the Universal Music chairman and CEO said. Jody Gerson said in a statement. “I never could have imagined that one day I would be able to lead a company that would be the guardian of Sting’s remarkable songwriting legacy. Each of us at UMPG looks forward to this work with a sense of honor, responsibility and tremendous excitement about what we can achieve for his music in the future.
Sting joins the ever-growing list of classic rockers to sell their catalog rights, joining artists like Bob Dylan, Neil Young, Bruce Springsteen, members of Fleetwood Mac including Stevie Nicks, Paul Simon, the estates of David Bowie and Prince, and dozens Suite.