Which top artists have recently sold off their music rights?
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Bruce Springsteen, Bob Dylan, and Stevie Nicks, along with other artists, have opted to sell part or all of their past song collections. The decision to relinquish future royalties and artistic control over their music remains a question. Sony Music made headlines by purchasing Bruce Springsteen’s complete catalog for over $500 million, adding him to the list of artists like Bob Dylan, Stevie Nicks, and Neil Young who have made similar deals. NPR’s Neda Ulaby offers insights into this trend, as Sony Music’s president disclosed investing close to $1.5 billion in music acquisitions just in the span of one year.
In 2021, a significant trend was rock musicians selling their catalogs for large sums of money. Here are 13 rock artists who earned substantial paydays this year by selling their music rights, publishing rights, and more.
Bob Dylan has recently sold his music catalog to Sony Music Entertainment for $200 million. This deal gives Sony the rights to all of Dylan’s music recordings starting from 1962. The sale follows a trend where other top artists like Bruce Springsteen, Neil Young, and Stevie Nicks have also sold their catalogs. Prior to this, Dylan had already sold the songwriting part of his catalog, including both music and lyrics, to Universal Music Publishing Group for around $300 million.
Justin Bieber, the most recent musician, has sold all his music rights. To shed light on this, Billboard’s music publishing reporter, Kristin Robinson, discusses the deal with NPR’s Ari Shapiro. ARI SHAPIRO, the host, points out a trend among musicians like Bob Dylan, Calvin Harris, and Stevie Nicks, who have all recently sold their music rights. Bieber has now followed suit by selling his complete catalog for over $200 million. Robinson, a music publishing reporter at Billboard, joins the conversation, expressing her gratitude for being included.