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The move will add Guetta's body of work to the
world's third-largest recording label that is home to artists
including Cardi B, Ed Sheeran and Bruno Mars.
Known for his collaborations with artists such as Akon, Snoop
Dogg and Kid Cudi, Guetta has 50 million record sales and more
than 14 billion streams to his name to date.
Guetta, best known for revolutionizing the electronic dance
music space in the early 2000s, has also worked with Rihanna,
Justin Bieber and Nicki Minaj, and has won two Grammy Awards.
"I'm super excited about the new music I'm working on ... This
is the right time to renew my creative partnership with my
trusted team at Warner Music," Guetta said in a statement.
Guetta is currently the eighth-most listened to artist in the
world by monthly listeners on audio streaming platform Spotify.
"A lot of people approached us to express interest in David's
catalogue," Jean-Charles Carré, David Guetta's business partner
and manager, said.
Warner Music did not disclose financial details of the deal did
not immediately respond to a Reuters request for comment.
The Financial Times on Thursday reported the deal size was above
$100 million, citing a person familiar with the matter.
Warner Music last year cautioned the COVID-19 pandemic had hurt
physical revenue streams and delayed the release of new
recordings, movies and television programs.
(Reporting by Noor Zainab Hussain in Bengaluru; Editing by
Ramakrishnan M.)
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