Master tapes and publishing rights sold in biggest ever deal of its kind
The musician, known as The Boss, sold his master tapes and music publishing rights to Sony Music in a deal that will give Sony ownership of his entire back catalogue, including the
Born In The USA
The sale is the latest in a string of such deals in recent years, including the music of Bob Dylan, Paul Simon, Stevie Nicks, Neil Young and David Bowie.
Warner Music bought worldwide rights to Bowie’s catalogue in September. Dylan sold his back catalogue of more than 600 songs last December to Universal Music Group for a reported $300m. The Springsteen deal is the biggest for a single artist’s body of work, according to
The New York Times
Two people with knowledge of the deal told the newspaper it “may exceed $500m”. It means Sony will own classic songs including
Born to Run and
Dancing in the Dark. Representatives for the musician and Sony did not immediately comment.
Springsteen (72) owns the rights to both his recordings and song-writing and has worked with Columbia Records, a unit of Sony, throughout his career.
According to The Recording Industry Association of America, he has sold more than 65 million albums in the US and won 20 Grammy awards, two Oscars and a Tony award.
The star’s extensive back catalogue includes more than 300 songs and 20 studio albums, along with other early recordings. He released his most recent album in October 2020 and, earlier this year, he launched a podcast called Renegades: Born in the USA with Barack Obama, the former US president, in which they discussed political divisions in the United States.
The podcast was produced by the Obamas’ production company. Springsteen played at campaign events for Mr Obama in 2008 and they became friends.
(© Telegraph Media Group Limited 2021)