#The Wall Street Journal: Warner buys David Bowie’s music catalog for about $250 million

Terms of the transaction weren’t disclosed, but a person familiar with the deal estimated the catalog was sold for roughly $250 million. Warner Chappell Music is the music-publishing arm of Warner Music Group
WMG,
-0.53%.

It includes hundreds of songs from Bowie’s 26 studio albums, such as “Space Oddity,” “Changes,” “Life on Mars?,” “Starman” and “Rebel Rebel.” It also includes a posthumous album release, “Toy.”

The sale comes as several living artists have also sold the rights to their music at high valuations. Last month, Bruce Springsteen sold the right to his music to Sony Music Group for between $500 million and $600 million. 

An expanded version of this report appears on WSJ.com.

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