Sony/ATV Publishing has put the Rosetta publishing catalog up for sale, according to The New York Post. The Rosetta catalog of around 30,000 songs is the home to many '80s hits, including songs from Tears For Fears, Culture Club, Devo, Bryan Ferry and more.
Sources tell the Post that BMG Rights, G2 Investment Group and a team of Primary Wave and Oaktree Capital are the primary bidders in the first round, along with a number of smaller bidders. The second round of bidding is slated to begin on Monday (10/29), with Saban Capital Group, Guggenheim Partners and Warner Music Group expected to bid.
Sony/ATV is selling off the Rosetta catalog as part of its concessions to win European approval of its $2.2 billion acquisition of EMI's publishing division. The catalog is valued between $130 and $150 million.