{"id":75231,"date":"2022-01-25T15:08:56","date_gmt":"2022-01-25T15:08:56","guid":{"rendered":"http:\/\/en.bornomalanews.com\/?p=75231"},"modified":"2022-01-25T15:08:56","modified_gmt":"2022-01-25T15:08:56","slug":"bob-dylan-sold-entire-recording-catalog-to-sony","status":"publish","type":"post","link":"https:\/\/en.bornomalanews.com\/?p=75231","title":{"rendered":"Bob Dylan sold entire recording catalog to Sony"},"content":{"rendered":"

\"\"Bob Dylan sold his entire back catalog of recorded music along with “the rights to multiple future new releases” to Sony Music Entertainment, the company announced Monday, the latest high-profile deal of the recent music rights purchasing rush.<\/p>\n

Sony did not disclose the financial terms of the deal. In late 2020 the iconic American artist had already sold his songwriting rights — separate from recording rights, which govern reproduction and distribution — to Universal, in a deal estimated to be worth more than $300 million.<\/p>\n

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According to industry reports including from Billboard and Variety, the latest Dylan deal was worth some $200 million.<\/p>\n

Sony said it closed the recording rights transaction in July 2021, a tightening of Dylan's six-decade relationship with the company.<\/p>\n

The author of folk rock classics including “Like a Rolling Stone” and “Tangled Up in Blue” was signed to Sony's Columbia Records in 1961, and recorded his debut album the same year.<\/p>\n

Hailing the singer-songwriter's “unrivaled genius,” Rob Stringer, Sony Music Group's chairman, said “Columbia Records has had a special relationship with Bob Dylan from the beginning of his career and we are tremendously proud and excited to be continuing to grow and evolve our ongoing 60-year partnership.”<\/p>\n

Dylan also lauded the agreement in a statement: “Columbia Records and Rob Stringer have been nothing but good to me for many, many years and a whole lot of records. I'm glad that all my recordings can stay where they belong.”<\/p>\n

Sony said it planned to collaborate with Dylan on “a range of future catalog reissues in the artist's renowned and top-selling Bootleg Series,” a project that began in 1991 and has seen the artist make public more rare, previously unreleased studio and live material.<\/p>\n

The terms also allow Sony to partner with Dylan “on additional projects.”<\/p>\n

In 2020 Dylan released his 39th studio album — “Rough and Rowdy Ways” — to critical acclaim.<\/p>\n

At 80 years old he continues to tour extensively, just Monday announcing a string of new dates in the US South, part of a worldwide run slated to continue into 2024.<\/p>\n

– Streaming stability –<\/p>\n

Dylan's deal with Sony is separate from his blockbuster publishing sale to Universal.<\/p>\n

The holders of master recording rights can dictate future reissues, while publishing rights owners receive a cut in a number of scenarios, including radio play and streaming, album sales, and use in advertising and movies.<\/p>\n

The prolific Dylan has been covered countless times, making his songwriting catalog particularly valuable.<\/p>\n

His publishing deal with Universal was one of the highest profile sales that preceded a flurry of music catalog transactions over the past year or so, as financial markets are increasingly drawn to music portfolios as an asset class.<\/p>\n

The trend is driven in large part by the anticipated stability of streaming growth combined with low interest rates and dependable earning projections for time-tested hits.<\/p>\n

It's also useful for artists focused on estate planning.<\/p>\n

Companies have acquired a number of major catalogs including from David Bowie, Bruce Springsteen, Stevie Nicks, Paul Simon, Motley Crue, The Red Hot Chili Peppers and Shakira.<\/p>\n

Springsteen sold both his publishing and recorded music rights to Sony for a staggering $500 million.<\/p>\n

And earlier this month Bowie's estate sold the late singer's publishing rights to Warner Chappell Music.<\/p>\n","protected":false},"excerpt":{"rendered":"

Bob Dylan sold his entire back catalog of recorded music along with “the rights to multiple future new releases” to Sony Music Entertainment, the company announced Monday, the latest high-profile deal of the recent music rights purchasing rush. Sony did not disclose the financial terms of the deal. In late 2020 the iconic American artist […]<\/p>\n","protected":false},"author":7,"featured_media":75232,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[13],"tags":[],"yoast_head":"\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\n\n\t\n