 "Bruce Springsteen sells song catalog to Sony in $500 mn deal: Report")
Multiple Grammy winner Bruce Springsteen has sold his masters and music publishing rights to Sony Music in a deal worth about $500 million, entertainment publication Billboard said on Wednesday, citing sources.
The sale will give Sony ownership of the rock music legend's entire catalog, including 15-times platinum album 'Born In The U.S.A' and five-times platinum 'The River,' Billboard reported.
It is the latest in a string of catalog deals over the past year or so that includes the music of David Bowie, Bob Dylan, Paul Simon, Stevie Nicks, Neil Young and Carole Bayer Sager.
Warner Music bought worldwide rights to Bowie's catalog in September, and Dylan sold his back catalog of more than 600 songs in December last year to Universal Music Group at a purchase price widely reported as $300 million.
Sony's Columbia Records, where Springsteen recorded his music, did not immediately respond to a request for comment.
Representatives for Springsteen could not be reached.
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%