That’s not a typo: Bruce Springsteen is in negotiations to sell his catalogue of recordings AND his publishing catalogue, according to Billboard and Variety. Both tip Sony Music Group and its publishing arm as the likeliest buyer, with a combined price prediction of between $330m and $415m.
That could put Springsteen’s take on the same level as the rumoured near-$400m that Bob Dylan sold his publishing catalogue to Universal Music for in 2020.
Billboard noted that Springsteen’s back catalogue of albums has generated 65.5m sales in the US alone over its lifetime, while its more recent performance is 2.25m ‘album consumption units’ (a measure combining sales and streams) in the US since the start of 2018.
Both outlets suggest that the remaining months of 2021 could see more catalogue sales: not least to get in ahead of a predicted increase in capital gains tax in the US.
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Tools :: Wyng
Through Music Ally’s internal marketing campaign tracking, we’ve recently discovered an interesting website by the…