Tina Turner’s historic catalog has changed hands.
The late singer, who died in 2023 at 83, is forever etched in music history and widely recognized as the “queen of rock ‘n’ roll.” She was also a 12-time Grammy Award winner and was inducted into the Rock & Roll Hall of Fame twice.
Two years before her passing, she decided to sell her recordings, music publishing, and name and likeness rights to BMG. The deal was reportedly valued at $50 million, according to Variety. BMG CEO Hartwig Masuch called the acquisition both an honor and a responsibility he vowed to take seriously.
“Tina Turner’s musical journey has inspired hundreds of millions of people around the world and continues to reach new audiences … She is truly and simply, the best,” he said at the time, according to Music Week.
Turner commented:
“Like any artist, the protection of my life’s work, my musical inheritance, is something personal. I am confident that with BMG and Warner Music, my work is in professional and reliable hands.”
There is continued interest in Turner’s works. Variety reports Sweden-based Pophouse Entertainment has acquired a majority stake in her catalog. The company states it will be focused on “long-term stewardship”. It will “contribute creative ideas that respect and laud Tina Turner’s artistry,” to ensure her legacy lives on and is amplified.
“I am thrilled to welcome Tina Turner’s iconic catalogue to the Pophouse family. We will now set in motion a series of creative projects to celebrate Tina Turner’s remarkable music and persona and secure her legacy as the Queen of Rock n’ Roll,” Pophouse CEO Jessica Koravos said, according to Variety.
Alistair Norbury, BMG’s president, UK, Continental Europe & APAC, commented:
“Tina Turner’s voice and spirit shaped modern music and popular culture. Our responsibility, alongside Pophouse and the Estate, is to ensure her work continues to resonate with audiences around the world, while remaining true to the strength, independence and originality that defined her career.”
The late Quincy Jones’ “select music and non-music assets” were also recently sold to the Black-owned investment firm, HarbourView Equity Partners. The Hollywood Reporter states the deal includes his recorded and publishing assets, his stake in “The Fresh Prince of Bel-Air,” and a partnership involving his name and likeness rights.
The post Pophouse Entertainment Acquires Majority Stake In Tina Turner’s Catalog appeared first on AfroTech.
The post Pophouse Entertainment Acquires Majority Stake In Tina Turner’s Catalog appeared first on AfroTech.
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