David Guetta was undoubtedly already sheltered from want, but he is now even richer.
The BBC and the
Financial Times have
announced that the French DJ and producer has signed an agreement valued at $ 100 million to sell his catalog to Warner Music.
The French artist, winner of two Grammy Awards, has collaborated with some of the biggest stars of the past ten years, such as Rihanna, Bruno Mars, Justin Bieber, the Black Eyed Peas, Nicki Minaj or even Sia.
David Guetta's tracks have generated 14 billion streams to date, and the artist has sold nearly 50 million records, according to the BBC.
And the French DJ has no plans to retire.
David Guetta promises, in a press release, that this agreement will allow him to "continue to innovate with new projects".
This takeover of David Guetta's catalog comes as the recording industry is in a frenzy to secure the rights to some of the greatest artists. The investment fund Hipgnosis recently bought the catalogs of Shakira, the Red Hot Chili Peppers, and some of the titles of Neil Young, while Universal Music spent $ 300 million to buy back all the titles of Bob Dylan. Sony Music has also reportedly invested around $ 1.4 billion to acquire music catalogs in recent months.
But if the artists cited are stars whose careers have established themselves over time, most of David Guetta's hits, such as
Turn Me On
Shot Me Down
, have been released in the last ten years. Warner Music's investment could therefore prove to be less profitable if the popularity of the DJ's music were to wane in the future, estimates the trade publication Music Business Wordwide.
This current clashes in any case with that initiated by Taylor Swift, whose catalog was sold by her old label to an investment fund when she wanted to buy it.
The interpreter of
Shake It Off
has decided to re-record his first six studio albums to regain control of his work, and with success thanks to his fans.
It remains to be seen what she will do with it in a few years.
Bob Dylan sells his entire musical catalog to Universal