Rodgers and Hammerstein to Sell Catalog
Legendary purveyors of showtunes Rodgers and Hammerstein have announced their intention to potentially sell their entire catalog of Broadway tunes and standards, though whether or not the catalog will be for sale has yet to be made official. An anonymous source provided Reuters with information regarding the deal.
These anonymous sources, allegedly close to the company, say that several major buyers are already interested, including EMI Music Publishing, Warner/Chappell Music Publishing, Sony/ATV Music Publishing, and Vivendi’s Universal Music Publishing.
The catalog itself is said to be valued between $150 and $200 million, but Rodgers and Hammerstein is allegedly hoping to rake in at least $250 million for their historic and impressive catalog. Many of the major outlets interested in purchasing the catalog see this figure as being too high.
Another benefit to buying the catalog would be the steady stream of cash provided by song publishing assets and song licensing. “This catalog has not been exploited to its full potential,” once source told Reuters.
Popular Broadway shows owned by Rodgers and Hammerstein include The King and I, South Pacific, and The Sound of Music.
A spokesperson for Rodgers and Hammerstein declined to comment on the matter.