Spirit Music Group has acquired the publishing and masters rights to the post-1971 catalog of Marc Bolan and T.Rex, in a broad deal concluded with the late glam rock star's publishing firm Wizard (Bahamas) Limited.
Spirit forged the agreement through its partnership with Babcock & Brown Structured Finance Fund (BBSFF), and will represent the artist's entire song library and recorded masters from 1972-1977, beginning with his album "The Slider" through to "Dandy In The Underworld." Trademark, name and likeness rights have also changed hands. Financial terms were not disclosed.
"We are thrilled to become caretakers of Marc Bolan's singular and timeless legacy," comments Spirit president Mark Fried in a statement.
N.Y.-based Spirit intends to pursue an "aggressive marketing campaign" to promote Bolan's works, and will work globally exploiting masters, branding, merchandising, film/advertising and other aspects of the artist's legacy.
"Marc was ahead of his time, not just with respect to his music, but in his push-the-envelope style sense and electric live performance," adds Fried. "With the songs, masters and the trademark rights, we will be in a position to tie in traditional publishing exploitation with a wide range of brand-building marketing on a global basis."
Hits such as "Children Of The Revolution," "20th Century Boy," "Metal Guru" and "Telegram Sam" are among the 260 works covered by the new deal.