Warner Music has acquired David Bowie’s songbook for about $250m, 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.
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