Tina Turner Sells Entire Music Rights & Catalogue For $50 Million....

Simply_Black

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https://www.bbc.co.uk/news/entertainment-arts-58814248


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Tina Turner sold the rights to her music catalogue, including hits like The Best and Nutbush City Limits, to music publishing company BMG.

The deal also sees BMG acquire the rights to Turner's name, image, and likeness for future sponsorship and merchandising deals.
The company did not disclose how much it paid, but industry sources said the figure would be north of $50m (£37m).
Turner said she was confident her music was "in reliable hands".

The 81-year-old is one of the most recognisable and vibrant stars in pop music history.
Born Anna Mae Bullock in Tennessee, she joined Ike Turner's band as a backing singer when she was 18. Within two years, she was the star of the show, and the duo scored a string of hits with future R&B standards like A Fool In Love, River Deep, Mountain High and Nutbush City Limits.

Ike and Tina married in 1962, but their relationship was turbulent and violent and she filed for divorce in the 70s.
Turner's solo career quickly eclipsed that of her partnership with Ike, with five platinum albums including 1984's Private Dancer, which went three times platinum in the UK.

Her biggest hits include that record's title track, What's Love Got To Do With It, The Best, Steamy Windows and the Bond theme Goldeneye.
She has received 12 Grammy Awards and will enter the Rock & Roll Hall Of Fame as a solo artist in October - her second induction after entering the pantheon with Ike Turner in 1991.

The deal with BMG sees her handing over her share of the recording and publishing rights for those hits and dozens more, spanning the six decades of her career. Warner Music will remain the record company distributing the star's music.
"Tina Turner's musical journey has inspired hundreds of millions of people around the world and continues to reach new audiences," said BMG boss Hartwig Masuch.

"We are honoured 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."
He said the company intended to introduce Turner's work to new audiences, particularly on streaming and music-focused social media platforms like TikTok.

https://www.bbc.co.uk/news/entertainment-arts-58814248
 
I hope she is doing that to leave her children a little something..

Im surprised she didnt auction it off,

she couldve probably doubled or tripled her initial offering

I doubt it.

Tina Turner already lost the rights to most of her music when she divorced Ike Turner. All of her hits from the 80s and 90s were written by other people. This means that she would only own the sound recordings at the very most. Considering the way '80s record contracts worked she's lucky to even have that.

It's also worth noting that her husband, Erwin Bach, used to be a high level executive at EMI records. It's reasonable to assume that he used his expertise and influence to get her the best deal she possibly could.

As for the inheritance, Swiss law states that half of the money would automatically go to her spouse and the other half would go to her kids and grandchildren.
 
wasnt the beef between her and Ike that she was pregnant

with someone elses child...

I also heard she was a boss bitch, like all the chicks

in her neighborhood was scared of her..

and I have aunts that look and act wild just like

her, and they wont hesitate to stab a muthafucka

talkin out the side of their mouth...

and she go to church ERE WEEK!!!
LOL
 
Anna Mae's cashing in like..

Dylan, Paul Simon, Neil Young, Stevie Nicks..

The big difference here is I don't think she wrote any of her songs (not sure)...which is why I found it strange that her NIL was included.

Maybe that added more value.

I guess all those ol timers are taking the money off the table, so they can do whatever they want in their twilight.
 
https://www.bbc.co.uk/news/entertainment-arts-58814248


2379.jpg



Tina Turner sold the rights to her music catalogue, including hits like The Best and Nutbush City Limits, to music publishing company BMG.

The deal also sees BMG acquire the rights to Turner's name, image, and likeness for future sponsorship and merchandising deals.
The company did not disclose how much it paid, but industry sources said the figure would be north of $50m (£37m).
Turner said she was confident her music was "in reliable hands".

The 81-year-old is one of the most recognisable and vibrant stars in pop music history.
Born Anna Mae Bullock in Tennessee, she joined Ike Turner's band as a backing singer when she was 18. Within two years, she was the star of the show, and the duo scored a string of hits with future R&B standards like A Fool In Love, River Deep, Mountain High and Nutbush City Limits.

Ike and Tina married in 1962, but their relationship was turbulent and violent and she filed for divorce in the 70s.
Turner's solo career quickly eclipsed that of her partnership with Ike, with five platinum albums including 1984's Private Dancer, which went three times platinum in the UK.

Her biggest hits include that record's title track, What's Love Got To Do With It, The Best, Steamy Windows and the Bond theme Goldeneye.
She has received 12 Grammy Awards and will enter the Rock & Roll Hall Of Fame as a solo artist in October - her second induction after entering the pantheon with Ike Turner in 1991.

The deal with BMG sees her handing over her share of the recording and publishing rights for those hits and dozens more, spanning the six decades of her career. Warner Music will remain the record company distributing the star's music.
"Tina Turner's musical journey has inspired hundreds of millions of people around the world and continues to reach new audiences," said BMG boss Hartwig Masuch.

"We are honoured 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."
He said the company intended to introduce Turner's work to new audiences, particularly on streaming and music-focused social media platforms like TikTok.

https://www.bbc.co.uk/news/entertainment-arts-58814248

50 punkass million? She must be feeling it but she is up there. Damn :smh: Coulda leased it like Beatles catalog and kept it in the family. I don’t get it.
 
Fuck them kids

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This is exactly what she said. Smh.

I wouldn't be surprised if some CAC manager talked her into it. Sad.

This is akin to black folk selling their homes or getting reverse mortgages on their homes instead of passing the home and property onto the children.

We can never improve generational wealth building among black folks if we do not pass along assets.
 
This is exactly what she said. Smh.

I wouldn't be surprised if some CAC manager talked her into it. Sad.

This is akin to black folk selling their homes or getting reverse mortgages on their homes instead of passing the home and property onto the children.

We can never improve generational wealth building among black folks if we do not pass along assets.

If, God forbid, Tina Turner died today her three surviving children would have $25 million dollars to split amongst themselves. That's assuming she gave them the bare minimum required by law and didn't have any other assets. To put that in perspective, George Benson is worth $5 million. In other words, each of Tina Turner's sons is about to be far richer than the greatest jazz guitarist whoever lived.

If that's not passing on generational wealth I don't know what is.
 
This is 2021 music doesn't have the same value looks like she's preparing and getting her estate together.
I don't know ow about that breh...if anything it should be more valuable

There are so many more outlets to license music to than ever before these days
 
Tina is worth upwards of $200 million so she isnt hurting for money nor cash flow cause her recordings are still selling and streaming for a couple million/year. Her selling her catalog,likeness and name for $50 million is some bullshit UNLESS she has the MJ deal, MJ had a deal with Sony where it was a joint verture and he received a huge upfront money(100 mil)and yearly income. If she gets $50 mil AND future income and residuals for her and her hiers then this is good otherwise this is very bad she has sold 59 million albums so for her to do this with a catalog that big makes no sense
 
50 punkass million? She must be feeling it but she is up there. Damn :smh: Coulda leased it like Beatles catalog and kept it in the family. I don’t get it.
When you don't write your shit this is what happens. People were shocked that TLC were broke and Toni Braxton was broke they didn't write anything. Whitney Houston died with what 20 mil her biggest hit was written by Dolly Parton. I'm sure Dolly is thankful to her every time a royalty check comes.
 
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