Tina Turner has sold everything to BMG. Thw whole kit and kaboodle.
According to a release, 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.
BMG doesn’t say how much money was involved. But it had to had to have been substantial. Tina is retired, she’s not coming back, her career is over. She can just bask in the glory of an amazing life and a catalog that will live on for years.
Tina says in a statement: “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 and reliable hands.”
BMG CEO Hartwig Masuch said, “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 Turner 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.
