Nine months after turning down another suitor, the legendary vocalist finds a partner he can “entrust with my life’s work and future musical legacy.”
The deal, which is likely worth at least $600 million, includes half of the late star’s publishing and recorded masters catalog.
The Creative Nation catalog includes songs performed by Sam Hunt, Harry Styles, Lady Gaga, Sam Smith, Carrie Underwood and more.
The singer’s hits include “Don’t Tell Em,” “Birthday Sex” and “Oui.”
Also this week: BMG makes a pair of catalog acquisitions, a new SPAC is announced and more.
The Songwriters Hall of Fame inductee has co-written such instantly recognizable hits as “Tears In Heaven,” “Looks Like We Made It” and “Up Where We Belong.”
The London-listed fund said the $23.1 million sale would be used to pay down debt.
Higher interest rates pulled valuations down while streaming and publishing growth pushed valuations higher, according to a report from Shot Tower Capital.
The company also purchased a share of Pat Benatar and Neil Giraldo’s publishing and recorded music assets.
The deal includes such hits as “Buy Dirt,” “What My World Spins Around” and “Next Thing You Know.”
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