Warner Music Group has joined the bidders for a Sony/ATV music publishing catalog with the rights to some 30,000 songs, The Post has learned.
The Rosetta catalog, which is heavy on ’80s hits from artists like Bryan Ferry, Devo and Tears for Fears, has already attracted attention from a slew of suitors, which have made first-round bids.
Warner has stayed out of the fray until now.
The latest bids are due on Nov. 19, said one source involved in the process.
A Warner spokesman declined to comment, as did reps for Sony/ATV, a joint venture of of Sony Music and the estate of Michael Jackson.
The value of the collection is pegged at between $130 million and $150 million, and it generates annual revenue in the range of $25 million to $40 million, according to Billboard estimates.
Initial bidders included BMG Rights, a joint venture of KKR and German media group Bertelsmann; G2 Investment Group; and Primary Wave, which has teamed with Oaktree Capital Group.
Two smaller bidders, Los Angeles-based Bicycle Music and Canada’s ole, are also moving forward.
Saban Capital, a private-equity firm formed by media mogul Haim Saban, is also in the process.