Warner buys the musical catalog of Adele and Bruno Mars

Operational cost R $ 2.6 billion and involves the musical rights of the artists

Warner Music Group has acquired the musical catalog of three big names in the music sector: Adele, Bruno Mars And Wiz Khalifa. The cost of the operation US $ 450 million (From R $ 2.6 billion in the current exchange rate) and involves the acquisition of Musical rights of artists.

The value of the transaction involves the acquisition of a part of control of the Temporal musicThis has held the rights to the artists mentioned. The information comes from Folha de S. PauloThrough Bloomberg.

THE Temporal music represents composers who write great successes for other artists, such as Korn AND Jonas Brothers.

This type of operation is already known in the music sector, with companies acquiring catalogs

renowned artists. The latest acquisitions of musical rights that have become famous on the market and made by record companies and companies come from stars such as Michael Jackson, Bruce Springsteen, Queen, Neil Sedaka, Kissamong others.

“Over time it has accumulated a diversified portfolio that focuses on artists and strengthening composers, while they have interesting financial results”, declared the Warner Music Group in a press release.

Already in the cinema, Warner has announced the desire to acquire documentaries on Christopher Reeve in 2024

The documentary Super/Man: The Christopher Reeve StoryWhich tells the actor’s story, it was important at the Sundance Film Festival. Warner has to buy the film for $ 15 million.

According to Deadline, many other studies would be interested in acquiring the documentary.

The documentary uses domestic films never seen before and personal archives to reveal how Reeve has gone from the unknown actor to the cinema star as a superhero of the screens. He learned the true meaning of heroism as an activist after undergoing a tragic accident that made him quadriplegic and dependent on a fan of the breath.

The film presents testimonies by Glenn Close, Whoopi Goldberg and Susan Sarandon, as well as contacting Reeve’s friendship with Robin Williams.

Source: Terra

Earl

Earl Johnson is a music writer at Gossipify, known for his in-depth analysis and unique perspective on the industry. A graduate of USC with a degree in Music, he brings years of experience and passion to his writing. He covers the latest releases and trends, always on the lookout for the next big thing in music.