- South Korean cult-horror series 'Hellbound' returns at BIFF
- Nepalis fear more floods as climate change melts glaciers
- Honduras arrests environmentalist's alleged murderer
- Padres pitcher Musgrove needs elbow surgery
- Supreme Court lets stand rules to curb mercury, methane emissions
- Boston beat Denver in NBA exhibition season opener, but Jokic says omens are good
- Chagos diaspora angry at lack of input on islands' fate
- Biden says 'not confident' of peaceful US election
- US trade chief defends tariff hikes when paired with investment
- Lukaku stars as Napoli beat Como to hold Serie A top spot
- Ohtani set for MLB playoff debut as Dodgers face Padres
- Pogba's drug ban cut to 18 months from four years
- Devine leads New Zealand to big win over India in Women's T20 World Cup
- Bosnia floods kill 16 people
- EU court blocks French ban on vegetable 'steak' labelling
- Prosecutors seek dismissal of rape charges against French rugby players
- Meta AI turns pictures into videos with sound
- Bolivia's Morales says claims he raped a minor are a 'lie'
- MLB Reds hire two-time champion Francona as manager
- Daniel Maldini receives first Italy call-up for Nations League
- US dockworkers return to ports after three-day strike
- Ancelotti points finger at Madrid's 'lack of intensity'
- Haiti reeling after 70 killed in gang attack
- Five Czech kids in hospital over TikTok 'piercing challenge'
- What happens next in Iran-Israel conflict?
- Country star Garth Brooks denies rape accusations
- Stubbs hits maiden century as South Africa make 343-4 against Ireland
- DR Congo to begin mpox vaccination campaign Saturday in east
- Odegaard injury has forced Arsenal to be 'different', says Arteta
- Ratcliffe refuses to guarantee Ten Hag's Man Utd future
- Meta must limit data use for targeted ads: EU court
- Mauritius to hold legislative election on November 10
- Britain qualify for America's Cup final after 60-year wait
- IMF asks Sri Lanka to protect hard-won gains
- Morata returns to Spain Nations League squad after injury
- Irish regulator to probe Ryanair use of facial recognition
- Public allowed to see video evidence in France mass rape trial
- US hiring soars past expectations in sign of resilient market
- Under-fire Ten Hag 'together' with Man Utd hierarchy
- Guardiola talks of Man City love affair as financial hearing rumbles on
- De Bruyne out of Belgium Nations League squad
- Japanese trainer Yahagi hopes Shin Emperor achieves 50-year-old Arc dream
- UK's Starmer hails 'landmark' carbon capture funding
- As EU targets Chinese cars, European rivals sputter
- Bosnia floods kill 14 people
- Tennis world number one Swiatek splits with coach Wiktorowski
- Liverpool share responsibility for Nunez goal drought, says Slot
- Top EU court finds against FIFA in key transfer market ruling
- Top seed Sabalenka stunned by Muchova in Beijing last eight
- Tsitsipas gets revenge against Nishikori at Shanghai Masters
Sting sells entire songwriting catalog to Universal
Sting has sold his songwriting catalog -- including solo works as well as hits with The Police like "Roxanne" -- to Universal Music Group, the company said Thursday, the industry's latest such blockbuster transaction.
The company did not disclose financial terms of the deal, but US media estimated it was worth some $250 million. It covers Sting's entire body of songwriting work, including songs written for The Police.
Sting's sale reunites his publishing catalog with his recorded music rights, which are already controlled by Universal, according to the company's statement.
Universal now stands to receive all future income related to Sting's song copyrights and songwriter royalties, for hits including "Every Breath You Take" and "Fields of Gold."
In a statement, the 70-year-old British-born artist said he is "delighted" for Universal's publishing division to manage his catalog, saying "it is absolutely essential to me that my career's body of work have a home where it is valued and respected -- not only to connect with longtime fans in new ways but also to introduce my songs to new audiences, musicians and generations."
It's the latest high-profile deal of the recent music rights purchasing rush, which has seen artists including Bob Dylan and Bruce Springsteen sell off their catalogs for astronomical sums.
The trend is driven in large part by the anticipated stability of streaming growth combined with low interest rates and dependable earning projections for time-tested hits.
It's also useful for artists focused on estate planning, and those whose touring income has been stymied by the pandemic.
Companies have acquired a number of major catalogs including from David Bowie's estate, Stevie Nicks, Paul Simon, Motley Crue, The Red Hot Chili Peppers and Shakira.
M.Carneiro--PC