While music catalogs are valuable assets, managing them is challenging, cumbersome and time-consuming. Just in last 12 months, Neil Young, Stevie Nicks, Lindsey Buckingham, Paul Simon, the Beach Boys, Bob Dylan and many others have made millions ( hundreds of millions in Dylan's case) by turning over their publishing.Īging artists are looking at selling their music rights as a means of retirement or estate planning, especially as competition among record companies and other music investment companies have sent catalog prices skyrocketing. If and when a deal becomes final, Springsteen will join a myriad of legendary artists who have cashed in their equity on their music catalog. The move likely cost Springsteen some money at the time, but it is likely about to pay off. At some point during contract negotiations in his career, Springsteen acquired the rights to his music from the label. Springsteen has been with Columbia Records (acquired by Sony Music in 1991) since he signed his first record deal in 1972. The two sides aren't quite as far along when it comes to The Boss's publishing catalog. Variety reports that talks have been going on for months and the deal for Springsteen's album catalog is nearly complete. Bruce Springsteen is negotiating with Sony Music to possibly sell the rights to his recorded music as well as his publishing catalog, according to multiple reports.
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