David Bowie’s Music Catalog to Warner Music $250 . Sold

Bowie, who pushed the boundaries of music and his conscience to produce some of the most innovative songs of his generation, died in 2016 at the age of 69.

The deal between Bowie’s estate and Warner Music included songs from 26 studio albums released during his lifetime, as well as the posthumous studio album release “Toy”.

Warner Music did not disclose the financial terms of the deal in its announcement on Monday, but a person familiar with the matter said the purchase was valued at about $250 million.

David Bowie's 75th Birth Anniversary Celebrated at New York Exhibition

Bowie’s estate signed a deal in September that gave Warner Music the global rights to the artist’s catalog from 1968 to 2016.

Bowie rose to fame in Britain in 1969 with “Space Odyssey”, the words of which he inspired while watching Stanley Kubrick’s film “2001: A Space Odyssey” while rocking.

But it was his 1972 portrayal of “Ziggy Stardust,” a doomed bisexual rock angel from space, that propelled him to global stardom.

The deal for their catalog is the latest in media jurisdictions, where companies have sought to boost royalties by purchasing catalogs of artists following physical revenue streams and delays in releasing new recordings.

Warner Music, home of musicians such as Cardi B, Ed Sheeran and Bruno Mars, has also partnered with popstar Madonna to relaunch their entire catalog over the next few years.

Its deal with Bowie’s assets comes just days before the rock star’s 75th birth anniversary on January 8.

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