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2022-01-25

Bob Dylan Sells Song Recordings to Sony in Latest Big Music Deal

Bob Dylan sold his entire catalog of recorded music to Sony Group in the latest example of musicians

Bob Dylan Sells Song Recordings to Sony in Latest Big Music Deal

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The deal was struck in July and announced by Sony on Monday.</p><p>The agreement follows Dylan’s sale of his songwriting catalog to Universal Music Group more than a year ago.</p><p>Back catalogs have found new value in the online era as streaming services such as Spotify Technology SA produce billions of dollars in annual sales for the industry. Investor groups, such as the Hipgnosis Songs Fund, have sought out old recordings and created a competitive market for stars.</p><p>Bruce Springsteen, another longtime Sony artist,sold his back catalog last month in a deal worth some $500 million, according to Billboard. 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