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Bob Dylan Selling Recording Catalog to Sony with Latest Music Acquisition Agreement | Ent & Arts News

Bob Dylan sold his master recording to Sony Music Entertainment in a multi-million dollar deal. This is the latest in a series by a well-known artist.

Sony confirmed acquisition on Monday DylanA back catalog of recorded music, including performances of hit songs such as Blowin’In The Wind and Knockin’On Heaven’s Door, and rights to future releases.

Variety cites sources that valued $ 150- $ 200 million (about £ 112m to £ 149m) transactions, while Billboard has a catalog value of about $ 200 million. It also reports that.

read more: Why are so many stars selling their music rights?

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Bruce Springsteen reportedly sold his musical rights to Sony Music at the end of 2021. Photo: Greg Allen / Invision / AP

It was after 80-year-old Dylan sold his songwriting catalog to Universal Music Group in December 2020 for $ 300 million (£ 223 million).

Master recording refers to a playable or playable performance, songwriting rights refer to the music and lyrics of the recording, when the song is used by other individuals or groups such as radio stations, restaurants, film and television producers. Earn money. To the song trust of the music publishing manager.

Singer-songwriters are one of a group of typical older artists who have recently sold their rights, such as Neil Young, Stevie Nicks, and Paul Simon. Bruce Springsteen was also reportedly added to the list in December 2021...

The rise of streaming has changed the way listeners consume music and the way artists make money from music. Investors can see the value of evergreen hits and make offers that are difficult for stars to reject.

Dylan’s latest contract covers his work since 1962. Neither Sony nor Dylan representatives have commented on the terms of the acquisition.

Sony and Dylan have stated that they will work together in a future catalog reissue of the artist’s Bootleg Series, which began in 1991. This includes 14 releases up to the 2021 admired New York Springtime: Bootleg Series Volume 16 (1980-1985).

Bob Dylan Selling Recording Catalog to Sony with Latest Music Acquisition Agreement | Ent & Arts News

Source link Bob Dylan Selling Recording Catalog to Sony with Latest Music Acquisition Agreement | Ent & Arts News

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