Image credit: Stereogum
Bruno Mars joins the long list of artists who are selling their music catalog.
In the past year, artists have been lining up to sell their catalog and publishing rights to companies that specialise in music IP investment and song management. In particular artists from the golden era of the ’50s, ’60s, and ’70s. However, more recently more modern artists have been selling their publishing rights, such as Red Hot Chilli Peppers, Beyonce, and Lady Gaga.
Now Bruno Mars has become the latest modern artist to sell a portion of his music catalogue for an undisclosed amount to Warner Chappell.
Speaking on the acquisition CEO of Warner Chappell, Guy Moot, said: “At the heart of his immense talents is his incredible songwriting, which he honed for years before he became a recording superstar. Like only a true great can, he’s mastered and transcended multiple musical genres with extraordinary originality and versatility. The world will continue to fall in love with his songs for generations to come.”
Bruno Mars commented: “I began my career at Atlantic and it made sense to keep my business in the family, with the team who have supported me and grown with me.” Adding: “This is me doubling down with people I trust. We’re just at the beginning of the journey and there’s so much more to come.”