“We are honoured to take on the job of managing Tina Turner’s musical and commercial interests. “Tina Turner’s musical journey has inspired literally hundreds of millions of people around the world and continues to reach new audiences,” said Hartwig Masuch, chief executive of BMG. In December Dolly Parton, whose hugely valuable portfolio of songs includes I Will Always Love You, and 9 to 5, said she was considering selling her 3,000 song credits “for business reasons, estate planning, and family things”.īMG, part of the Bertelsmann media conglomerate, which owns the pan-European broadcaster RTL and publisher Penguin Random House, already represents or owns rights in the work of stars including Mick Jagger and Keith Richards, John Lennon and Ringo Starr, Mick Fleetwood, Iron Maiden, Kurt Cobain and David Bowie.
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“I am confident that with BMG and Warner Music my work is in professional and reliable hands.” Tina Turners second husband, Erwin Bach, is a successful music executive. “Like any artist the protection of my life’s work, my musical inheritance, is something personal,” she said.
Turner, who will continue to be a recording artist on Warner Music’s books following the deal, acknowledged the need to plan. The streaming revolution has created a gold rush for artists’ royalty rights, and for ageing stars it is increasingly forming an important part of estate planning. Turner, 81, is the latest big artist to cash in on the rocketing value of evergreen hits in the streaming era, following in the footsteps of Bob Dylan’s $300m deal with Universal Music, and Neil Young’s agreement with the music company Hipgnosis.
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