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SONYowns springsteens catalog
https://www.yahoo.com/entertainment/bruce-springsteen-sells-music-catalog-200008951.html
Bruce Springsteen Sells Music Catalog to Sony Music In Record-Breaking $500 Million Deal: Report
Natasha Dado
December 17, 2021
According to Variety, Sting is in advanced talks to sell his song catalog for a price-tag in the region of $250 million to either Universal Music Publishing Group (believed to be the front-runner in the race for the deal) or Sony Music Publishing.
MBW reported yesterday that the David Bowie song collection may be sold to Warner Music Group, with WMG potentially using a new $535 million debt raise to fund the acquisition. Bowie’s song catalog is apparently attracting bids of around $200 million.
Billboard reported earlier this month that Bruce Springsteen is in talks with Sony Music Group about potentially selling the song rights and the recording rights to his back catalog.
The publication estimates that a sale of the entirety of Springsteen’s rights could result in a payday for the artist between $330 million to $415 million.
This flurry of activity follows news of other legends selling their song catalogs for hundreds of millions of dollars apiece – including Bob Dylan (to Universal Music Publishing), and Paul Simon (to Sony Music Publishing).
The list doesn’t stop there: amongst others, Neil Young sold half of his song rights to Hipgnosis Songs Fund for around $150 million at the top of this year.
Elton John inked a multi-year, wide-ranging global deal with Universal Music Group in 2018, which sees UMG administer – but not own – the star’s song rights.Music Business Worldwide
https://www.musicbusinessworldwide.com/could-elton-john-sell-his-song-catalog-no-its-unthinkable/