BOB DYLAN SELLS HIS SONGWRITING CATALOG TO UNIVERSAL MUSIC
Updated: Dec 9, 2020
Universal Music purchased the more than 600-song catalog of music legend, Bob Dylan, in what may be the biggest acquisition ever of a single act’s publishing rights, in a list that includes classics such as “Blowin’ in the Wind,” “The Times They Are A-Changin’” and “Like a Rolling Stone.”
The deal, which covers Dylan’s entire career, from his earliest tunes to his latest album, “Rough and Rowdy Ways,” was struck directly with Dylan, 79, who has long controlled the vast majority of his own songwriting copyrights, Ben Sisario wrote for the New York Times.
The price was not disclosed, but is estimated at more than $300 million.
“It’s no secret that the art of songwriting is the fundamental key to all great music, nor is it a secret that Bob is one of the very greatest practitioners of that art,” Lucian Grainge, the chief executive of the Universal Music Group, said in a statement.
The deal is the latest and most high-profile in this year’s buzzing market for music catalogs, as artists both young and old have sold their songs, while publishers and investors have raised billions of dollars from both public and private sources to persuade writers to part with their creations.