FILE PHOTO: French DJ David Guetta poses in entrance of the Louvre Pyramid earlier than performing the ‘United at Dwelling’ fundraising reside live performance for New 12 months’s Eve, in Paris, France, December 29, 2020. REUTERS/Charles Platiau/File Picture
June 17, 2021
(Reuters) – Warner Music Group mentioned on Thursday it might purchase celebrated French DJ David Guetta’s recorded-music catalogue from the final 20 years, and signal a brand new take care of him for future recordings.
The transfer will add Guetta’s physique of labor to the world’s third-largest recording label that’s dwelling to artists together with Cardi B, Ed Sheeran and Bruno Mars.
Recognized for his collaborations with artists akin to Akon, Snoop Dogg and Child Cudi, Guetta has 50 million report gross sales and greater than 14 billion streams to his identify up to now.
Guetta, finest recognized for revolutionizing the digital dance music area within the early 2000s, has additionally labored with Rihanna, Justin Bieber and Nicki Minaj, and has gained two Grammy Awards.
“I’m tremendous excited concerning the new music I’m engaged on … That is the proper time to resume my inventive partnership with my trusted group at Warner Music,” Guetta mentioned in an announcement.
Guetta is at the moment the eighth-most listened to artist on the planet by month-to-month listeners on audio streaming platform Spotify.
“Lots of people approached us to specific curiosity in David’s catalogue,” Jean-Charles Carré, David Guetta’s enterprise associate and supervisor, mentioned.
Warner Music didn’t disclose monetary particulars of the deal didn’t instantly reply to a Reuters request for remark.
The Monetary Instances on Thursday reported the deal measurement was above $100 million, citing an individual accustomed to the matter.
Warner Music final 12 months cautioned the COVID-19 pandemic had harm bodily income streams and delayed the discharge of latest recordings, films and tv packages.
(Reporting by Noor Zainab Hussain in Bengaluru; Modifying by Ramakrishnan M.)