Bob Dylan has offered his complete again catalogue of recorded music to Sony Music Leisure, in addition to the rights to a number of future releases, in a deal rumoured to be value between $150m and $200m (£111m–£148m), Selection reviews.
The deal covers all Dylan recordings relationship from 1962, together with his self-titled debut album, which celebrates its sixtieth anniversary in March, and future releases and reissues in Dylan’s celebrated Bootleg Collection.
Dylan signed to Columbia in October 1961. Rob Stringer, chairman of Sony Music Group, stated they have been “tremendously proud and excited to be persevering with to develop and evolve our ongoing 60-year partnership. Bob is one in every of music’s nice icons and an artist of unrivalled genius.”
The sale would additionally tackle “new methods to make his music accessible to his many followers immediately and to future generations”, stated Stringer.
Dylan stated in an announcement: “Columbia Information and Rob Stringer have been nothing however good to me for a lot of, a few years and a complete lot of data. I’m glad that each one my recordings can keep the place they belong.”
In January, Music Enterprise Worldwide analysed new figures from MRC Information to seek out that catalogue music (outlined as older than 18 months) claimed 73.1% of the US music consumption market within the second half of 2021, and 69.8% of whole album consumption.
The deal continues a concerted interval of property administration for the 80-year-old songwriter. In 2020, Dylan offered his music catalogue to Common Music Publishing for a rumoured $400m and donated his private archives to the Bob Dylan Middle in Tulsa, Oklahoma.
Dylan is presently dealing with a lawsuit from an nameless girl who alleges that the musician groomed, inebriated and sexually abused her when she was 12 years outdated.
He has formally denied the allegations, calling the lawsuit “a brazen shakedown … false, malicious, reckless and defamatory” and the lady’s alleged timeline of occasions a “chronological impossibility”.
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