Culture 18:30 30/10/2021 World

David Bowie's back catalogue attracts bids of around $200m

David Bowie’s estate is in talks to sell his songwriting catalogue and has attracted bids of around $200m, the Financial Times reports, citing people familiar with the matter.

Talks are at an advanced stage and a deal could be announced in the coming weeks, these people said.

Bowie’s songbook is one of the most high-profile catalogues to hit the market during what has become a music copyright gold rush. The deal would span decades of albums including Let’s Dance, Heroes and The Rise and Fall of Ziggy Stardust and the Spiders from Mars.

Music copyrights have soared in value as audio streaming has given old hits a new lease of life.

A catalogue such as Bowie’s generates revenue for decades as the British artist’s songs continue to be streamed, played on the radio or used in films and advertisements.



Source Panorama.am
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