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Are David Guetta’s disposable disco songs really worth $100m? Incredibly, yes

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Justin Bieber and Nicki Minaj. He's the eighth biggest artist on Spotify today. In the world of Electronic Dance Music (EDM), the genre formally known as dance music, Guetta is royalty.

And this week his global stock rose even further. Yesterday Guetta announced that he’d sold the rights to his back catalogue of songs to Warner Music Group, the label to which he was already signed.

The new deal cost Warner around $100 million (£72 million) and also includes future recordings. On the surface of it, $100m seems like an insane amount of money for some dance music.

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