Wednesday, May 18, 2022

Bob Dylan sold entire recording catalog to Sony

Bob Dylan sold the rights to his master recordings and several future new releases to Sony in a deal for ‘above $200 million’

  • Bob Dylan has sold his entire back catalog of recorded music along with ‘the rights to several future new releases’ to Sony Music Entertainment.
  • Sony did not disclose financial terms of the deal
  • In late 2020, the iconic 80-year-old artist had already sold her songwriting rights — aside from the recording rights, which control reproduction and distribution — to Universal, in a deal worth more than $300 million.
  • According to industry reports including Billboard and Variety, the latest Dylan deal was worth more than $200 million










The company announced on Monday that Bob Dylan has sold its entire back catalog of recorded music to Sony Music Entertainment along with “the rights to several future new releases.”

Sony did not disclose the financial terms of the deal. In late 2020, the 80-year-old iconic artist had already sold his songwriting rights – aside from the recording rights, which control reproduction and distribution – to Universal, in a deal estimated at more than $300 million. .

According to industry reports including Billboard and Variety, the latest Dylan deal was worth more than $200 million.

Sony said it closed the recording rights transaction in July 2021, tightening Dylan’s six-decade relationship with the company.

Dylan was signed to Sony’s Columbia Records in 1961, and recorded his first album that same year.

Appreciating Dylan’s ‘unique talent’, Sony Music Group Chairman Rob Stringer said, “Columbia Records has had a special relationship with Bob Dylan from the beginning of his career and we continue to grow and develop in our 60s.” Extremely proud and excited to have. -Year partnership.’

Dylan also praised the agreement in a statement: ‘Columbia Records and Rob Stringer have been nothing but many, many years and many records for me. I am glad that all my recordings can stay where they are.

The iconic 80-year-old artist had already sold her songwriting rights – aside from the recording rights, which control reproduction and distribution – to Universal in late 2020 in a deal worth more than $300 million;  photo February 2015

The iconic 80-year-old artist had already sold her songwriting rights – aside from the recording rights, which control reproduction and distribution – to Universal in late 2020 in a deal worth more than $300 million; photo February 2015

Dylan’s deal with Sony is separate from his blockbuster publishing sale to Universal.

Recording rights holders can dictate future re-issues, while publishing rights owners receive deductions in a number of scenarios, including radio play and streaming, album sales, and use in advertising and films.

Dylan’s publishing deal with Universal was one of the high-profile sales that preceded a flurry of music catalog transactions over the past year or two, as financial markets are increasingly attracted to music portfolios as an asset class. .

Dylan pictured performing at Bluesfest in 2011

Dylan pictured performing at Bluesfest in 2011

Dylan also praised the agreement in a statement: 'Columbia Records and Rob Stringer have been nothing but many, many years and many records for me.  I'm glad all my recordings can stay where they are';  picture 1966

Dylan also praised the agreement in a statement: ‘Columbia Records and Rob Stringer have been nothing but many, many years and many records for me. I’m glad all my recordings can stay where they are’; picture 1966

The companies have acquired major catalogs including David Bowie, Bruce Springsteen, Stevie Nicks, Paul Simon, Motley Fool, The Red Hot Chili Peppers and Shakira.

Springsteen sold both his published and recorded music rights to Sony for $500 million.

Earlier this month Bowie’s estate sold the late singer’s publishing rights to Warner Chapel Music.

Icon: Portrait of the Blowin' in the Wind singer circa 1965

Icon: Portrait of the Blowin’ in the Wind singer circa 1965

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