Sony Songs Amusement these days announced it has totally acquired Bob Dylan’s complete again catalog of recorded tunes, as perfectly as the rights to a number of foreseeable future new releases, in a major growth of SME’s 6-10 years relationship with the artist.
Sources explain to Assortment that the deal was value among $150 million and $200 million, though the quantity was not verified reps for Sony and Dylan declined comment.
This settlement, concluded in July 2021, includes the entirety of Bob Dylan’s recorded overall body of do the job due to the fact 1962, starting with the artist’s self-titled debut album and continuing via 2020’s “Rough and Rowdy Techniques.”
Late in 2020 Dylan sold his track catalog to Universal Songs Publishing for an volume sources say was close to $400 million he also donated his personalized archives to the Bob Dylan Center in Tulsa, Okla., which is scheduled to open in May well of this year.
The deal is the most recent in a collection of blockbuster offers for new music catalogs. Bruce Springsteen offered his publishing and recorded-music catalogs to Sony Music for a documented $550 million David Bowie’s publishing was acquired by Warner Chappell Audio previously this 12 months for upward of $250 million, sources convey to Wide variety Motley Crue’s recorded-music catalog was acquired by BMG late in November 2021 for around $90 million.
Bob Dylan and SME will continue on to collaborate on a selection of upcoming catalog reissues in the artist’s renowned and best-marketing Bootleg Series, which commenced in 1991 and involves 14 releases by means of final year’s lauded “Springtime In New York: The Bootleg Sequence Vol. 16 (1980-1985).” The settlement also delivers the option for SME to spouse with Dylan on further projects.
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This year marks the 60th anniversary of Dylan’s recording job. He was signed to SME’s Columbia Records in October 1961 by the label’s John Hammond and recorded his debut album that identical yr.
Bob Dylan said, “Columbia Data and Rob Stringer have been nothing but good to me for lots of, a lot of decades and a total good deal of documents. I’m happy that all my recordings can continue to be in which they belong.”
In making the announcement, Rob Stringer, Chairman, Sony Tunes Group reported, “Columbia Documents has experienced a exclusive romance with Bob Dylan from the beginning of his career and we are immensely happy and excited to be continuing to improve and evolve our ongoing 60-12 months partnership. Bob is 1 of music’s biggest icons and an artist of unequalled genius. The crucial influence he and his recordings carry on to have on common culture is next to none and we’re thrilled he will now be a lasting member of the Sony New music family members. We are psyched to get the job done with Bob and his workforce to come across new methods to make his new music offered to his numerous enthusiasts today and to upcoming generations.”