Sony/ATV Music Publishing has purchased the catalog of Colombian singer/songwriter/producer Estéfano, Billboard.biz has learned.
The purchase, negotiated by Jorge Mejia, Sony/ATV's VP for Latin America and US Latin and Martin Bandier, chairman and CEO of Sony/ATV Music Publishing, includes all songs from Estéfano's three publishing companies: Blue Platinum Publishing, World Deep Music Publishing and Polydharma.
Sony/ATV had been administering Estéfano's catalog since 1998 Estéfano, whose real name is Fabio Salgado, was initially part of the duo Donato & Estéfano, who had several hit albums with Sony in the 1990s. But his bigger fame came as a songwriter, penning hit tracks for the likes of Gloria Estefan, Jon Secada and Shakira. Later, Estéfano also consolidated himself as a producer as well, writing and producing for artists like Chayanne, Paulina Rubio, Thalia, Marc Anthony and Jennifer López, among many others.
Estéfano won BMI's Latin songwriter of the year award seven times and scored seven No. 1 hits on Billboard's Hot Latin Songs chart, including Marc Anthon's "Ahora Quien," Chayanne's "Dejaría Todo" and Ricky Martin's "Y Todo Queda En Nada."
Last year, in a widely reported incident, Estéfano was shot in his Miami home and almost died from two gunshot wounds. His handyman was acquitted of attempted murder this past Aug. in Miami.
After recovering, Estéfano returned to writing and producing and is currently working on Paulina Rubio's new studio album. In addition, he penned the new Chayanne track "Amor Inmortal."
Although Sony would not disclose the amount paid to Estefano, sources in the industry calculate it would be at least several million dollars, given the depth of the catalog.