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Warner set to swoop for Culture Club, Tears For Fears catalogue

Rhian Jones
Warner Music Group

Warner Music Group has reportedly joined the bidders for a Sony/ATV music publishing catalogue with the rights to some 30,000 songs including tracks from Culture Club and Tears For Fears.

The Rosetta catalogue, which is packed with '80s hits, has already attracted attention from a number of bidders including BMG Rights, a joint venture of KKR and Bertelsmann; G2 Investment Group; and Primary Wave, which has teamed with Oaktree Capital.

Warner has since joined the line-up - the latest bids are due on November 19, according to the New York Post.

The value of the collection is pegged at between $130 million and $150 million, and estimates say it generates annual revenue in the range of $25 million to $40 million.

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Tags: Universal/EMI, Warner Music Group, Sony/ATV, Rosetta

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