Catalog cover

Tina Turner sells 60-year-old music catalog to BMG

The legendary singer also sold the artist’s share of her recordings, her music publishing author’s share, related 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 $50 million, reports trade publication Music Business Worldwide.

“Tina Turner’s musical journey has inspired hundreds of millions of people around the world and continues to reach new audiences. We are honored to take on the stewardship of Tina Turner’s musical and business interests,” said the BMG CEO Hartwig Masuch in a statement. “It’s a responsibility we take seriously and will pursue diligently.”

Neil Young sold a big stake in his 1,180 songs

Turner, now 81, was the first black artist and the first female artist to appear on the cover of Rolling Stone, BMG said. 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, she will be inducted into the Rock ‘n’ Roll Hall of Fame for the 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 with BMG and Warner Music, my work is in professional and reliable hands,” she added.

Warner Music continues to be Turner’s record label, BMG said.

Bob Dylan sells his entire catalog of songs to Universal

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 sold his entire catalog of songs, comprising more than 600 songs spanning 60 years, in a “historic deal” with Universal Music Publishing Group.
And this year, folk-rock superstar Neil Young sold a 50% stake in his song catalog to investment firm Hipgnosis for an estimated $150 million.