Warner Music Group has acquired David Guetta's catalog for about $100 million in a deal that includes a going-forward agreement, a source familiar with the matter confirms. The deal, first reported on by the Financial Times, encompasses Guetta’s entire catalog, which according to the announcement has accumulated 50 million record sales and more than 14 billion streams.
The two-time Grammy-winning artist and producer has shaped modern electronic music and dance culture, helping bring the genre into the mainstream through his work with artists like Bruno Mars, Jason Derulo, J Balvin, Justin Bieber, Sia, Martin Garrix, Nicki Minaj and Rihanna. Beginning with Guetta's 2002 debut album Just A Little More Love, the catalog includes such fist-pumping hits as "When Love Takes Over," "Gettin' Over You," "Sexy Bitch," "Memories," "Where Them Girls At," "Titanium" and "Turn Me On."
"This is the right time to renew my creative partnership with my trusted team at Warner Music," Guetta said in a statement. "This deal is about having the best people around me to ensure I can keep innovating with exciting new projects, while also working my extensive catalogue and continuing to build my career."