Music publishers Spirit Music Group have acquired both the publishing and master recording rights in the post-1971 catalogue of Marc Bolan and T Rex through a deal with the late glam star's company Wizard (Bahamas) Limited. The Bolan deal has been enabled by Spirit's previously reported relationship with investment company Babcock & Brown who took a stake in the music firm last year in return for funding new catalogue acquisitions.
Spirit boss Mark Fried told reporters last week: "We are thrilled to become caretakers of Marc Bolan's singular and timeless legacy. Marc was ahead of his time, not just with respect to his music, but in his push-the-envelope style sense and electric live performance. With the songs, masters and the trademark rights, we will be in a position to tie in traditional publishing exploitation with a wide range of brand-building marketing on a global basis".
Hits like 'Children Of The Revolution' and '20th Century Boy' are included in the catalogue Spirit will control.