Bob Dylan sells his catalog of recorded music to Sony
Sony Music Entertainment bought Bob Dylan‘s catalog of recorded music, including everything from classic 1960s albums with songs such as “Blowin’ in the Wind” and “Knockin’ on Heaven’s Door” to the latest release “Rough And Rowdy Ways” as well as the rights for future versions.
The deal is the latest in Sony Music’s six-decade relationship with the artist and covers all of Dylan’s oeuvre since 1962. Variety cited sources who valued the deal at between $150 million and $200 million. .
Neither Sony nor Dylan’s rep would comment on the terms of the deal.
Dylan, 80, sold his songwriting catalog to Universal Music Publishing Group in December for $300 million. He was one of a group of aging artists, including Neil Young, Stevie Nicks and Paul Simon, who sold the rights to their compositions to investors, who are looking to capitalize on the opportunities created by music streaming.
Sony and Dylan said they would collaborate on future reissues of the artist’s Bootleg Series catalog, which began in 1991 and includes 14 releases through last year’s “Springtime In New York: The Bootleg Series Vol. 16 (1980-1985).
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