Tina Turner increased 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 at the age of 83 at her $76 million resort overlooking Lake Zurich in Switzerland was confirmed on Wednesday (24.05.23), has reached the agreement with BMG , which included music rights.
BMG CEO Hartwig Masuch, 68, said at the time: “Tina Turner’s musical journey has inspired hundreds of millions of people around the world and continues to reach new audiences.
“We are honored to take on the stewardship of Tina Turner’s musical and business interests. It’s a responsibility we take seriously and will pursue diligently. She is truly and simply the best.
Tina amassed her fortune despite being born into a humble sharecropping family in Brownsville, Tennessee.
His final net worth of $250 million, estimated by Celebrity Net Worth, didn’t just come from his string of hits, including “What’s Love Got to do With It” and “We Don’t Need Another Hero.”
She also starred in films such as ‘Tommy’, Mad Max: Beyond Thunderdome’ and ‘Last Action Hero’, while her 1993 biopic ‘What’s Love Got to Do With It’ told the story of her path to success and the battle to hold on to her stage name during her painful divorce from her abusive ex-husband Ike Turner, who died in 2010 at the age of 76 after subjecting her to beatings and sexual relations which , according to her, looked more like rape.
In a post on its website, BMG pledged to “maintain and grow” Tina’s legacy.
The rights management giant added of the deal: “BMG is proud to announce that it has acquired an extensive portfolio of rights to the queen of rock ‘n’ roll, one of the most greatest and most beloved in the history of popular music, Tina Turner.
“Working hand in hand with Tina Turner, BMG will maintain and grow her musical treasure and safeguard her inspiring legacy.
“The agreement means that BMG will be a partner in all of Tina Turner’s musical interests. The transaction includes Tina Turner’s artist share of her recordings, her music publishing author’s share, neighboring rights and the name , image and likeness.
“Tina Turner’s solo works include 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 label.
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