Bruce Springsteen has sold his entire music catalogue to Sony for around $500 million, a record amount for the musical work of an artist.
Iconic musician Bruce Springsteen has sold his entire music catalogue to Sony for around $500 million, a record amount for the musical work of an artist, following in the footsteps of Bob Dylan and Neil Young.
Bob Dylan, Neil Young, David Crosby, Paul Simon… And now Bruce Springsteen. Pop and rock veterans are racing to make the most of their work and are selling the rights to their songs for millions of dollars.
There is no official announcement yet, but publications like Billboard and The New York Times assume that Bruce Springsteen has agreed to sell the rights to all of his songs to the Sony Music label for around $500 million (about €442.5 million.)
The sale covers all the classic compositions of the New Jersey rocker’s records such as Born To Run, Born in the USA and The River.
According to analysts, this money would be the largest transaction ever made for the musical work of an artist.
In 2020, the record label Universal Music agreed to buy all of Bob Dylan’s songs. The company did not disclose the acquisition price of the collection of some 600 compositions made in six decades, but The New York Times newspaper estimated the value of the artist’s themes at more than $300 million (about €247 million.)
Thank you for taking the time to read this article, do remember to come back and check The Euro Weekly News website for all your up-to-date local and international news stories and remember, you can also follow us on Facebook and Instagram.