The sale, announced Monday by the giant of the musical industry, is estimated at more than $ 200 million by specialized sites. It covers all the songs recorded by the American artist, including future outputs.
Le Monde with AFP
The American artist Bob Dylan sold in July 2021 all his recorded music catalog in Sony, announced on Monday, January 24 the giant of the musical industry. This agreement focuses on nearly sixty years of the legendary singer folk and country, since its first eponymous album, in 1962, to Rough and Rowdy Ways, in 2020. The transaction also covers the “rights of future new outings” of Songs, according to a Sony statement, which does not specify the amount of the contract.
Bob Dylan, 80 years of age and laureate of the Nobel Prize for Literature, had already sold its copyright – separate registration fees – in Universal, a competitor of Sony, for an amount assessed at the time at $ 300 million.
The right to decide future reissues
Registration fees govern the rights of reproduction and distribution. This time, sites specializing in the music industry, such as Billboard and Variety, evoke an amount greater than $ 200 million.
According to Sony, the agreement, sealed in July 2021 but announced only Monday, strengthens a long-standing relationship with Bob Dylan, who signed in 1961 at Columbia Records, a subsidiary of the giant music.
Recording rights holders may decide future reissues, while copyright holders affect dividends on the broadcast of a title on radio or streaming, on sales of albums or on Use in advertising and movies.
The directories of the music giants have been the subject of several major transactions in recent months, a trend ranged by streaming and Covid-19.
Mid-December 2021, Bruce Springsteen sold Sony Copyrights and registration related to all his repertoire for more than $ 550 million.