Bob Dylan has struck a deal with Sony Music to sell the rights to his recorded music catalog. According to Billboard, the transaction is valued at over $200 million.
The deal includes all of Dylan’s recordings – 39 studio albums, 16 Bootleg Series compilations, and numerous singles and rarities – plus unreleased material that could be released in the future, according to Billboard.
The 80-year-old songwriter previously sold his catalog’s publishing rights to Universal in a deal estimated to be worth over $300 million. (Recording rights pertain to the individual master recordings of songs, while publishing rights refer to the words and music that make up a musical composition. In theory, publishing rights are more valuable, as an artist could always re-record their music. Publishing rights are also tied to the licensing of music to film or television.)
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Since signing with Columbia Records in 1961, Dylan has released every one of his albums through the label. (Columbia was purchased by Sony in 1988.)
In a statement, Dylan said, “Columbia Records and [Sony Music Group Chairman] 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.”
Despite depositing $500 million into his bank account, Dylan remains as busy as ever. Earlier today, he announced a new leg of his “Never Ending Tour” for Spring 2022. Tickets will be available to purchase through Ticketmaster.
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