Warner Bros. Discovery is negotiating to sell around half of the storied Warner studio’s film and TV music-publishing assets for approximately $500 million.
is negotiating to sell around half of the storied Warner studio’s film and TV music-publishing assets for approximately $500 million, three sources confirm toWhile it is unclear exactly which assets are on the table, one source says that the rights to “slightly less than half” of the catalog, with a price of around $500 million, are likely to go to a major label, with Sony said to be in the lead.
However, some observers cast a skeptical eye on the deal, saying that many of the company’s assets are more than a half-century old and are “declining” in value and difficult to exploit. They are said to consist largely of film themes and cues — with comparatively few conventional songs — that would seem to have little familiarity or resonance in the present or future. The catalog is currently under a multi-year administration deal with Universal Music Publishing.‘s requests for comment.
If reports are accurate, the deal would be a welcome one for the company and its investors at a tumultuous time that includes a writers strike that has crippled Hollywood and 100 layoffs across its Discovery and Turner brands , not to mention Zaslav’s recent
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