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For Sale: Bob Dylan Israel today

2022-01-25T09:57:45.458Z

The veteran and beloved musician sold recordings of his songs to "Sony Music" for a huge sum • In doing so he joins the sales wave of iconic artist catalogs



Musician Bob Dylan sold the master recordings of his songs to the Sony Music group in a deal valued at about $ 200 million.

In doing so, Sony has completed the acquisition of one of the most coveted and respected catalogs in the history of music.

The record company has been Dylan's professional home for 60 years, and in a statement issued about the deal, he called him "an artist who has no competition for his genius."

At the same time, the company also acquired the rights to the singer's future expenses, in what is considered an extension of the six-decade relationship between the parties.

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While the economic terms of the contract have not been revealed, the Billboard website has estimated that it is between $ 150 million and $ 200 million - based on an estimated annual amount of $ 16 million, which Dylan's catalog generates in revenue for its owners.

Representatives from Sony and the artist did not respond.

In December 2020, 80-year-old Dylan sold the rights to the lyrics of his songs and melodies to the "Universal Group" group, for an estimated $ 400 million.

Alongside this, the musician has donated his private collection to the Bob Dylan Center, which is set to open this May in Tulsa, Oklahoma.

This deal from Dylan is part of a wave of huge-price catalog purchases, other music legends whose work catalog has been sold are Bruce Springsteen, who sold the rights to his work as well as their distribution rights to Sony Music for about $ 550, and the Motley Cru band who sold their songs to the BMG label Last November in the amount of about $ 90 million.

This year marks Dylan's 60 years since he started recording music.

He was signed to Columbia Records in October 1961, and that same year recorded his debut album, named after him.

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Source: israelhayom

All life articles on 2022-01-25

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