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Selling his song catalog at a reported $500 million, Bruce Springsteen's deal is even higher than Bob Dylan's. But why are music superstars selling their publishing rights? ....
From Bob Dylan to Neil Young and now Tina Turner, many music superstars are selling their song catalogs for hundred-odd-million sums. What's behind the megadeals? ....
Music Inc: Why song rights sales are booming From Bob Dylan to Shakira and now the Red Hot Chili Peppers, many music superstars are selling their song catalogs for hundred-odd-million sums. What s behind the megadeals? Red Hot Chilli Peppers are the latest music megastars to sell off their music catalog Publishing rights are a lucrative business, as Michael Jackson found out after he acquired 251 Beatles songs for more than $47 million in 1985 and doubled his money 10 years later. But that catalog was cheap by today s standards. Rolling Stone magazine estimates to be around $400 million in late 2020. Dylan had been one of the few artists who had retained the rights to their own catalog. But the balladeer has joined a slew of top-selling music artists who have recently made their publishing rights prized currency in a song acquisition boom. ....