Warner Music buys David Guetta's recordings catalog for over $100 million

Warner Music Group has confirmed that it has acquired the entire recordings catalog of French DJ/producer superstar David Guetta. Financial Times reports that the Guetta deal cost Warner more than $100 million, whereas MBW's sources say the price was lower than $150 million. This news is interesting, among other reasons, because it hints that Warner’s catalog acquisition strategy today may be leaning towards hits created in the past 20 years.