Sony Music Leisure has acquired the whole recorded music catalog of Bob Dylan, the corporate introduced Monday.
“Columbia Data and Rob Stringer have been nothing however good to me for a lot of, a few years and an entire lot of data,” Dylan stated in a press release. “I’m glad that every one my recordings can keep the place they belong.”
The deal contains all the famed singer’s earlier albums relationship again to 1962 in addition to the rights to a number of future releases. The deal closed in July 2021 and is estimated to be value between $150 million and $200 million, in response to Selection.
“Columbia Data has had a particular relationship with Bob Dylan from the start of his profession and we’re tremendously proud and excited to be persevering with to develop and evolve our ongoing 60-year partnership,” stated Rob Stringer, chair of Sony Music Group, in a press release. “Bob is one among music’s biggest icons and an artist of unequalled genius.”
The information of the acquisition comes round two years after Dylan bought his songwriting rights in 2020 to Common Music in a deal estimated to be value round $300 million, in response to The New York Occasions.
Dylan, 80, is one among many older musicians who’ve bought off rights to their catalogs lately. Many within the business speculate that these gross sales are a part of these artists’ property planning.
Track catalogs are priceless belongings, however require in depth administration, one thing that heirs are sometimes unequipped to deal with. Moreover, there’s a motion in Washington to extend capital beneficial properties taxes above their present 20% degree.