April 13, 2024

Eclipse Festival

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Why Springsteen, Dylan and Other Songs Artists Offer Their Catalog

Neil Diamond, legendary songwriter and the king of the blue denims, is the hottest artist to announce the sale of their back catalog, after achieving a deal with Common New music Team for an undisclosed volume for his tune catalog and recording legal rights.

It’s the latest high-profile, and presumably high-value (although the details were not disclosed), deal for a veteran artist in modern months. 

Universal  (UMGP) not long ago bought the legal rights to Sting’s track catalog for around $300 million, Sony  (SNE) – Get Sony Corp. Report bought the rights to Bruce Springsteen’s master recordings and music publishing rights for a deal estimated to be extra than $500 million and also bough Paul Simon’s catalog for an undisclosed amount.