Warner Music Acquires David Guetta’s Recorded Music Catalog for Practically $100 Million
When David Guetta in 2010 penned his timeless lyric, "These would be the finest memories," little did he know these reminiscences would fetch almost $100 million.
Warner Music has has acquired the rights to the dance music luminary's recorded music catalog, which incorporates world hits "Hey Mama," "Titanium," and "Flip Me On," amongst many others. The pact sees the music big buying Guetta's worldwide catalog from the final twenty years and inking a brand new deal for future recordings.
Whereas the precise sum of the pact has not been publicly confirmed, the Financial Times reviews that Warner spent over $100 million. Variety, alternatively, spoke to 2 trade sources who asserted that the determine is within the "dozens of tens of millions." Nonetheless, contemplating the truth that Guetta's future music recordings are baked into the partnership, the nine-figure worth appears a foregone conclusion.
Guetta has dropped eight new tracks in 2021, and a press launch issued to announce the Warner deal notes "there's far more new music to come back."
Warner Music acquired the rights to David Guetta's recorded music catalog for over $100 million.
Guerin Bask
"I’m tremendous excited concerning the new music I’m engaged on. And much more excited that I've began to play all this new music dwell to my followers once more and they're loving it," Guetta mentioned in a press release. "That is the fitting time to resume my inventive partnership with my trusted workforce at Warner Music. This deal is about having the perfect folks round me to make sure I can preserve innovating with thrilling new tasks, whereas additionally working my in depth catalogue and persevering with to construct my profession."
"It’s uncommon for an artist to not solely outline a style, however rework it. David has been doing that for over twenty years – igniting worldwide audiences and influencing complete generations of expertise," added Max Lousada, CEO of Warner Recorded Music. "He continues to have a rare impression on the evolution of dance music, whereas innovating and collaborating with new voices in dynamic methods. For all he’s achieved thus far, there’s a lot nice music, creativity, and originality nonetheless to come back. All of us at Warner are very completely happy to increase our partnership with this world icon."
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