British singer Sting has sold his entire catalog of songwriters to Universal, as AFP reports.
The sale also includes his repertoire with The Police. She is the latest among the artists who sell their rights to the giants of the music industry.
An estimate of $250 million
Universal Music Publishing Group (UMPG) did not reveal the financial terms of the agreement in its press release, as specified by AFP, but the sale would be around 250 million dollars, or 217 million euros, according to estimates. of American media. It brings together the lyricist catalog of the 70-year-old artist with that of his recorded music, already controlled by Universal. The firm will now receive all income and royalties related to the works of the author of hits like “Every Breath You Take” and “Roxanne” with The Police.
Sting said he was “delighted” that UMPG now manages its catalog, in a press release. “It is absolutely essential for me that all of my work takes up residence where it is esteemed and respected,” he said. Holding catalog rights – which allow you to earn royalties for each use of a song, whether it’s a download, a passage in a film or an advertisement – can prove to be very profitable on the long term.