Warner Music in talks to buy Bowie songwriting catalogue - report
By Michele Maatouk
Date: Wednesday 17 Nov 2021
(Sharecast News) - Warner Music is reportedly in talks to buy David Bowie's songwriting catalogue and is raising $535m in debt to support the potential acquisition and others.
According to the Financial Times - which reported last month that Bowie's estate was looking to sell his catalogue and has attracted bids of about $200m - Warner Music is in advanced talks to buy it, although no deal has been agreed.
The record label said on Wednesday that it was offering $535m in debt for "potential acquisitions of certain music and music-related assets". The FT cited sources as saying that the Bowie catalogue is one of these acquisitions.
In September, Bowie's estate struck a long-term licensing deal with Warner Music for his recorded music catalogue.
David Bowie died in 2016 at the age of 69, just two days after releasing the album "Blackstar".
Email this article to a friend
or share it with one of these popular networks:
You are here: news
10 Lower Thames St,
London EC3R 6EN