Warner Music Group have confirmed the purchase of the late Britain rock star David Bowie’s music catalogue which spans from 1968 to 2016.

The deal was announced by the label disclosing the amount paid for the legendary catalogue, but sources close to the matter say it would have cost the music giant around $US250 million.

The music library includes hits such as Heroes and Let’s Dance, as well as music from the 26 studio albums released during Bowie’s lifetime and the posthumous studio album release Toy. Bowie shot to fame in Britain during the late 60’s with Space Oddity but it was his 1972 portrayal of a doomed bisexual rock envoy from space, Ziggy Stardust, that propelled him to global stardom.

Warner music is home to huge global stars such as Cardi B, Ed Sheeran and Bruno Mars, and have also recently partnered with Madonna to relaunch her entire catalogue over the next few years. Bowie, who passed away in 2016 at the age of 69, would have celebrated hi 75th birthday on January 8.