Tina Turner Sells Music Rights To BMG For $50 Million
The legendary Whats Love Got To Do With It singer, Tina Turner, is making big moves for her music career. According to reports, the Grammy winner, 81, has sold a large portion of her music rights to BMG. The music company announced the news on their Twitter account on Oct. 5th. BMG wrote,
"BMG is proud to announce it has acquired an extensive portfolio of rights in the Queen of Rock 'n' Roll, one of the greatest and best-loved artists in popular music history, @LoveTinaTurner#TheBest #TinaTurner #BMG #TheNewMusicCompany"
The acquisition is said to be worth $50 million.
In a statement, BMG added it will serve as partners with Tina Turner for her music interests while Warner Music will continue to be her record label.
"The deal means BMG will be a partner in all of Tina Turner's music interests. The transaction includes Tina Turner's artist's share of her recordings, her music publishing writer's share, neighboring rights and name, image, and likeness. Tina Turner´s solo works comprise ten studio albums, two live albums, two soundtracks, and five compilations, which together have sold over 100 million records. Warner Music continues to be her record company."
Tina Turner also released a statement on the choice to sell her rights and said,
"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, reliable hands."
Because of the ongoing pandemic, many artists have sold their rights due to the lack of live and in-person performances. Tina Turner joins other artists like Bob Dylan and Stevie Nicks who have sold their musical rights.
Turner started her career in the 1960s as half of the duo, Ike and Tina Turner, and for over 15 years produced mega hits. When she went solo in 1984, she continued to make hits like Private Dancer, Typical Male, and The Best.
What are your thoughts on Tina selling her music rights? Let us know in the comments.
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