New York: Bob Dylan sold his entire back catalog of recorded music along with “the rights to multiple future new releases” to Sony Music Entertainment, the company announced Monday, the latest high-profile deal of the recent music rights purchasing rush.
Sony did not disclose the financial terms of the deal.
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In late 2020 the iconic American artist had already sold his songwriting rights — separate from recording rights, which govern reproduction and distribution — to Universal, in a deal estimated to be worth more than $300 million.
According to industry reports including from Billboard and Variety, the latest Dylan deal was worth some $200 million.
Sony said it closed the recording rights transaction in July 2021, a tightening of Dylan´s six-decade relationship with the company.
The author of folk rock classics including “Like a Rolling Stone” and “Tangled Up in Blue” was signed to Sony´s Columbia Records in 1961, and recorded his debut album the same year.
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