Tina Turner boosted her fortune to $250 million by selling her image rights for $50 million two years before her death.
Tina Turner boosted her fortune to $250 million by selling her image rights for $50 million two years before her death
The ‘Private Dancer’ singer, whose death aged 83 at her $76 million compound overlooking Lake Zürich in Switzerland was confirmed on Wednesday (24.05.23) made the cope with BMG, which included music rights.
BMG CEO Hartwig Masuch, 68, stated on the time: “Tina Turner’s musical journey has impressed a whole bunch of hundreds of thousands of individuals around the globe and continues to attain new audiences.
“We are honoured 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.”
Tina amassed her fortune regardless of being born to a humble, share-cropping household in Brownsville, Tennessee.
Her closing fortune of $250 million, estimated by Celebrity Net Worth, didn’t solely come from her stream of hits together with ‘What’s Love Got to do With It’ and ‘We Don’t Need Another Hero’.
She additionally starring in movies akin to ‘Tommy’, Mad Max: Beyond Thunderdome’, and ‘Last Action Hero’, whereas her 1993 biopic ‘What’s Love Got to Do With It’ advised the story of her path to success and battle to maintain onto her stage identify throughout her painful divorce from her abusive ex-husband Ike Turner, who died in 2010 aged 76 after subjecting her to beatings and intercourse she stated felt extra like rape.
In a put up on its web site, BMG has pledged to “maintain and develop” Tina’s legacy.
The rights administration large added in regards to the deal: “BMG is proud to announce it has acquired an intensive portfolio of rights within the Queen of Rock ’n’ Roll, one of many best and best-loved artists in in style music historical past, Tina Turner.
“Working hand-in-hand with Tina Turner, BMG will preserve and develop her musical treasure-trove and safeguard her inspirational legacy.
“The deal means BMG will likely be a companion in all of Tina Turner’s music pursuits. The transaction contains Tina Turner’s artist’s share of her recordings, her music publishing author’s share, neighbouring rights and identify, image, and likeness.
“Tina Turner´s solo works comprise ten studio albums, two live albums, two soundtracks, and five compilations, which together have sold over 100 million records. Warner Music continues to be her record company.”
