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Universal Music can not help but fall for Elvis Presley, to manage song catalog – SABC News

Universal Music adds Elvis Presley’s King of Rock ‘n’ Roll song catalog, including hits such as “Can’t Help Falling in Love” and “Jailhouse Rock”, under a publishing deal 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 if Elvis’ songs are used in media, movies or television.

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

The rights to Elvis’ catalog are currently owned by Authentic Brands Group, whose portfolio includes renowned 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 songs charting at Billboard’s Top 40 with 114 hits.

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

The deal comes as music companies try to boost royalties by buying or managing catalogs of artists following the pandemic delayed 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 publisher purchased the full catalog of late British rock star David Bowie over six decades.

Universal Music can not help but fall for Elvis Presley, to manage song catalog – SABC News

Source link Universal Music can not help but fall for Elvis Presley, to manage song catalog – SABC News

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