BMG Acquires Tina Turner’s Portfolio
• BMG is proud to announce it has acquired an extensive portfolio of rights from the legendary Tina Turner. Working hand-in-hand with Tina, BMG will maintain and develop her musical treasure-trove and safeguard her inspirational legacy. The deal means BMG will be a partner in all of Tina’s music interests, including her artist’s share of her recordings, her music publishing writer’s share, neighboring rights and name, image, and likeness.
Tina’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 emerged as a solo artist in the early ’80s with worldwide hit albums such as Private Dancer, Break Every Rule and Foreign Affair, and hit singles including “What’s Love Got To Do With It,” “Private Dancer,” “We Don’t Need Another Hero (Thunderdome),” “Typical Male,” “I Don’t Wanna Fight,” “The Best” and “Goldeneye.” Among her many accomplishments, Tina Turner has received 12 Grammy Awards and is a two-time inductee into the Rock & Roll Hall Of Fame.
Turner said, “Like any artist, the protection of my life’s work, my musical inheritance, is something personal. I’m confident that with BMG and Warner Music my work is in professional and reliable hands.” BMG CEO Hartwig Masuch commented, “Tina Turner’s musical journey has inspired hundreds of millions of people around the world and continues to reach new audiences. We are honored to take on the job of managing Tina Turner’s musical and commercial interests. It is a responsibility we take seriously and will pursue diligently. She is truly and simply, the best.”
Tina and her manager and husband Erwin Bach were advised in the transaction by the lawyers Torsten Siefert of Kiso Siefert Dropmann (Germany) and Bär & Karrer (Switzerland). BMG’s advisers included lawyers Lenz & Staehelin (Switzerland), Manatt, Phelps & Phillips (US), Simkins (UK), EY, and The Royalty Consultancy.
This transaction forms part of BMG’s long-term strategy to create a 21st century home for the most iconic music rights in popular music history. BMG already represents or owns rights in the work of iconic artists including Mick Jagger and Keith Richards, John Lennon, Ringo Starr, Mick Fleetwood, Roger Waters, Kurt Cobain, Blondie, David Bowie, Scorpions, The Kinks, Black Sabbath, Iron Maiden, and more, and the company expects to announce further transactions in the coming weeks. [Tina Turner photo: Alberto Venzago]
