August 15, 2022

Tina Turner Sells Catalog, Name & Likeness For Estimated $50 Million

Tina Turner has offered her immense catalog, title, and likeness to BMG for an estimated $50 million.

On Wednesday, the Queen of Rock & Roll launched a press release confirming that she’d inked the brand new cope with the German music firm. She’s going to proceed to be signed below the Warner Music file label, however BMG will probably be dealing with the safekeeping of all her previous work, which spans 60 years.

“I am confident that with BMG and Warner Music, my work is in professional and reliable hands,” the 81-year-old mentioned in a press release.

The information despatched followers into an emotional whirlwind, with lots of them believing that the deal was accomplished in response to the singer’s declining well being. Robbie Montgomery of “Sweetie Pies” not too long ago did an interview with Black Enterprise, the place she said that her longtime pal, whom she used to sing backup for, was “not well.” Turner suffered a stroke in 2013, and in 2016, she was identified with intestinal most cancers. The next yr, the worldwide star suffered kidney failure.

Regardless of her reasoning for the brand new deal, BMG says they’re “honored” to be managing the Rock & Roll Corridor of Famers musical affairs.

“It is a responsibility we take seriously and will pursue diligently. She is truly and simply the best,” said CEO of BMG, Hartwig Masuch.