Tina Turner sold her music, image and likeness for $50 million. Only $50 million?

Tina Turner sold her music, image and likeness for $50 million. Only $50 million?

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In March, Tina Turner released an autobiographical documentary for HBO . Then in May, Tina was finally inducted into the Rock N Roll Hall of Fame. Now, Tina is joining the ranks of Stevie Nicks and Bob Dylan by selling her catalog. Tina has sold her music catalog from the last 60 years, image and likeness to the tune of $50 million to BMG. Compared to Bob and Stevie, the sum is a lot lower. Below are a few more details from People:

“Like any artist, the protection of my life’s work, my musical inheritance, is something personal,” Turner, 81, said in a press release from BMG. “I am confident that with BMG and Warner Music my work is in professional and reliable hands.”

With the new move, she lets go of the rights to her hits, including “The Best,” “Proud Mary” and “What’s Love Got to Do with It.”

“Tina Turner’s musical journey has inspired hundreds of millions of people around the world and continues to reach new audiences,” BMG CEO Hartwig Masuch said in a release. “We are honored to take on the job of managing Tina Turner’s musical and commercial interests. It is a responsibility we take seriously and will pursue diligently.”

“She is truly and simply, the best,” he added.

Turner joins a long list of artists whose work rights are owned by the music company, including Mick Jagger, John Lennon, Mick Fleetwood, David Bowie, Scorpions and Kurt Cobain.

[From People]

To us common folk $50 million is a lot of moolah but when you look at the deals other rockers are making, it seems low. Tina gave over the rights to her image and likeness along with her music catalog. Tina’s catalog also includes some of her earlier hits with Ike Turner. Stevie Nicks received $100 million for the same rights and only a 80% stake along with her name and image and Bob Dylan (larger catalog) got at least $300 million for his catalog alone. Tina is just as big an icon as Stevie and Bob, but it is what it is. I am sure Tina, her husband, and her attorneys did not come to this sum lightly and I have to trust that it was the best negotiated offer. However, I feel Tina deserves better. The woman has a Broadway show AND movie (not including the documentary) about her life for goodness sake. Tina’s impact on music and rock n roll surely deserves a higher sum. I am sure Tina is living her best life on her estate in Switzerland, snuggled up with her beau and reminiscing about the good ole days (post Ike). I do hope BMG does right by Tina and that we will get to hear music and be inspired by her life for years to come.

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