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Musician Bob Dylan (in the 1970s): Investment without risk
Photo: Steve Morley / Redferns / Getty Images
It's arguably the biggest sell-out in pop music history, and it's just getting started.
In December, folk singer and Nobel Prize winner for literature, Bob Dylan, made headlines when he sold the rights to his extensive songwriting catalog to Universal for allegedly $ 400 million.
In January followed a rock star who many consider to be as important as Dylan: Neil Young sold half of his rights catalog for an estimated 150 million dollars to the British investment company Hipgnosis, the package includes 1,180 songs.
Within a few weeks, musicians from the rock band Fleetwood Mac silvered large parts of their music rights.
"Dreams," a song by the band released in 1977, went viral last year on the TikTok social media platform.
The singer Stevie Nicks, who wrote the piece, received around 100 million dollars from the New York music publisher Primary Wave, the band founder Mick Fleetwood signed the rights to his recorded music to BMG Rights Management, and guitarist Lindsey Buckingham sold it to Hipgnosis.
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