Universal Music can’t help but fall in love with Elvis Presley, to manage the catalog of songs

April 12 (Reuters) – Universal Music is adding the ‘King of Rock ‘n’ Roll’ Elvis Presley song catalog, including hits such as ‘Can’t Help Falling in Love’ and ‘Jailhouse Rock’, under a publishing do business with Authentic Brands Group.

Financial terms of the deal were not disclosed, although Universal Music Publishing Group said Tuesday it would approve and collect revenue when Elvis songs are used in media, film or television.

The deal comes ahead of the June release of director Baz Luhrmann’s drama “Elvis,” a biopic of the “Heartbreak Hotel” singer, starring Tom Hanks and Austin Butler.

Join now for FREE unlimited access to Reuters.com

Register

The rights to Elvis’ catalog are currently held by Authentic Brands Group, whose portfolio includes famous brands such as Marilyn Monroe and Muhammad Ali.

Widely acclaimed as the best-selling solo music artist of all time, Presley has sold over 500 million records and holds the distinction for most Billboard Top 40 songs with 114 hits.

In 1973, Elvis made television and entertainment history with his “Elvis: Aloha from Hawaii via Satellite.” It was the world’s first live satellite broadcast of a concert.

The deal comes as music companies seek to raise royalties by buying or managing artist catalogs after the pandemic delayed the release of new recordings and hit revenue streams.

Earlier this year, British singer-songwriter Sting sold his career music catalog to Universal Music, while Warner Music Group’s (WMG.O) publishing unit acquired the entire catalog of British rock star David Bowie spanning six decades. Read more

Join now for FREE unlimited access to Reuters.com

Register

Reporting by Tiyashi Datta in Bengaluru and Dawn Chmielewski; Editing by Anil D’Silva

Our standards: The Thomson Reuters Trust Principles.


Source link

Comments are closed.