What’s Love Got To Do With It singer Tina Turner has sold her extensive song catalogue to music company BMG.
It wasn’t disclosed how much the 81-year-old rocker scored from the deal, but it could be worth “north of $50mil (RM209mil),” by the estimate of one industry source, according to the BBC.
Turner’s hits over the years include tunes like We Don’t Need Another Hero, Better Be Good To Me and The Best. Turner said in a statement that her music was in “good hands” following the handoff.
Turner, born Anna Mae Bullock, will enter the Rock & Roll Hall of Fame on Oct 30 as a solo artiste. She was inducted in 1991 for her work as part of the duo of Ike & Tina Turner, where she recorded hits including Proud Mary.
BMG boss Hartwig Masuch called Turner “truly and simply the best” and said the plan is to reintroduce her work on social media and streaming platforms that reach a new audience. Turner has been inactive musically for more than a decade.
The Brownsville, Tennessee, native joins contemporaries including Neil Young, Bob Dylan and Stevie Nicks in cashing in during their golden years. Estimates on Dylan’s song library put its value around $300 million.
Eastman School of Music Professor John Covach told the Daily News in January that there are several reasons iconic artistes might part ways with their publishing rights, particularly once they have likely done their best work.
“It’s different when you have more history behind you than future in front of you,” he said.
Turner gave no indication she was on the verge of signing a big deal when she tweeted recently to congratulate Adrienne Warren on winning a Tony Award for playing her on Broadway’s Tina: The Tina Turner Musical. Fans will also hear Warren’s voice if they pick up the audio version of Turner’s 2020 memoir Happiness Becomes You. – New York Daily News/Tribune News Service