NEW YORK, Jan 25 ― Bob Dylan sold his entire back catalogue of recorded music along with “the rights to multiple future new releases” to Sony Music Entertainment, the company announced yesterday, the latest high-profile deal of the recent music rights purchasing rush.
Sony said it closed the recording rights transaction in July 2021, a tightening of Dylan's six-decade relationship with the company.was signed to Sony's Columbia Records in 1961, and recorded his debut album the same year. Sony said it planned to collaborate with Dylan on “a range of future catalogue reissues in the artist's renowned and top-selling Bootleg Series,” a project that began in 1991 and has seen the artist make public more rare, previously unreleased studio and live material.In 2020 Dylan released his 39th studio album ―At 80 years old he continues to tour extensively, just yesterday announcing a string of new dates in the US South, part of a worldwide run slated to continue into 2024.
His publishing deal with Universal was one of the highest profile sales that preceded a flurry of music catalogue transactions over the past year or so, as financial markets are increasingly drawn to music portfolios as an asset class.
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