Following a number of high profile musicians before him, Bob Dylan has sold his entire back catalogue of recorded music in a guesstimated deal worth some $200 million.
The agreement with Sony Music features all of the legendary singer/songwriter’s work since 1962, starting with his self-titled debut album through to his 2020’s ‘Rough and Rowdy Ways.’
Selling more than 125 million records worldwide, the now 80-year old artist stated: “Columbia Records and Rob Stringer have been nothing but good to me for many, many years and a whole lot of records. I’m glad that all my recordings can stay where they belong.”
While the record company has yet to confirm the specific financial details, Billboard magazine estimates Bob Dylan’s master recordings are worth approximately $200,000,000.00
Famous for such such classic songs as ‘Mr. Tambourine Man’, ‘Like A Rolling Stone’ and ‘Make You Feel My Love,’ the American musician was signed to CBS Records in October 1961 by the label’s John Hammond, and he recorded his debut album that same year.
About the recent acquisition, Rob Stringer, Chairman, Sony Music Group said “Columbia Records has had a special relationship with Bob Dylan from the beginning of his career and we are tremendously proud and excited to be continuing to grow and evolve our ongoing 60-year partnership. Bob is one of music’s greatest icons and an artist of unrivaled genius. The essential impact he and his recordings continue to have on popular culture is second to none and we’re thrilled he will now be a permanent member of the Sony Music family. We are excited to work with Bob and his team to find new ways to make his music available to his many fans today and to future generations.”
The Dylan deal follows Bruce Springsteen who sold his entire back catalogue of music to Sony in December, for an estimated $500 million.
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Author: Al Denté
Photo: Xavier Badosa