MEMORIES DAVID GUETTA LICENSE
That license has presumably now expired – returning ownership of the masters catalog to the artist, and enabling him to sell it on for $100-million-plus. However, it now appears that what WMG really acquired there was an exclusive license for Guetta’s recordings. Since then, Hipgnosis has pursued an active strategy to broaden its portfolio far beyond modern hits - see its acquisitions of 50% of Neil Young’s catalog and 100% of the Lindsey Buckingham song catalog this year for evidence.Īs a result, a transformation: in the 12 months to end of March this year, some 60.2 percent of Hipgnosis’ value came from songs that were released over 10 years ago.Īn additional interesting aspect of the Warner buy announced today: David Guetta’s recorded music catalog was assumed by many to have been acquired by WMG as part of the major’s buyout of Parlophone Label Group in 2013. According to fiscal filings, in FY2019, just 10.2 percent of Hipgnosis’ value was tied up in songs that were more than 10 years old (i.e. Indeed, Guetta remains the eighth biggest artist in the world on Spotify today, with over 54 million monthly listeners.Īnother worthwhile observation on this point comes when we monitor the changing shape of a very active music M&A player, Hipgnosis Songs Fund. Others, however, point to the fact that a tune like Guetta’s “Titanium” (featuring Sia) was released 10 years ago, and continues to maintain a handsome level of streaming popularity. Some industry observers believe music like Guetta’s best-known hits (released around 2009-2011) will ultimately be stung by a “decay” in popularity over the coming decade. Adding to this theory is the fact that WMG recently acquired a majority stake in a portfolio of songs by Bruno Mars for an undisclosed sum. Firstly, it hints that Warner’s catalog acquisition strategy today may be leaning towards hits created in the past 20 years. This news is interesting for a number of reasons. We’ve spoken to industry sources close to the deal who’ve confirmed that figure, but also told us the price was lower than $150 million. The Financial Times reports that the Guetta deal cost Warner more than $100 million. A deal for future recordings has also been agreed. WMG has confirmed that it has acquired the entire recordings catalog of French D and producer superstar David Guetta. Today (June 17th) it’s Warner Music Group (WMG)‘s turn to make a splash. Sony Music Group, meanwhile, recently confirmed that it spent $1.4 billion on music-related acquisitions in just the six months to end of May this year - including spending a nine-figure sum on the song catalog of Paul Simon. Universal Music Group, don’t forget, spent $1.7 billion on music rights and advances in 2020, including the $300-million-plus acquisition of Bob Dylan’s song catalog. The music catalog acquisition game continues to hot up - with the major music rightsholders getting stuck in.
0 kommentar(er)
