Wednesday, August 17, 2022
HomeU.S.ABob Dylan sells total publishing catalogue to Common Music

Bob Dylan sells total publishing catalogue to Common Music

Common Music has struck a deal to purchase the rights to Bob Dylan’s total catalogue of 600 songs, from Blowin’ within the Wind to Knockin’ on Heaven’s Door, within the largest music publishing deal in a long time.

Dylan, whose physique of labor over six a long time made him the primary songwriter to be awarded the Nobel prize in literature, in 2016, has offered greater than 125m data worldwide.

Whereas the phrases of the deal weren’t disclosed, the quantity and recognition of his work is prone to imply it’s the most profitable to be struck no less than this century, price a whole lot of tens of millions of {dollars}.

The deal covers the publishing rights to songs together with Lay Girl Lay, Like a Rolling Stone, The Instances They Are a-Changin’, Make You Really feel My Love and Tangled Up in Blue.

“It’s no secret that that the artwork of songwriting is the basic key to all nice music,” stated Sir Lucian Grainge, the chief government of Common Music. “Neither is it a secret that Bob is without doubt one of the very best practitioners of that artwork.”

Cashing in on catalogues is a booming enterprise. The London-listed Hipgnosis Songs Fund, which supplies buyers the prospect to earn cash from royalties generated by songs by artists from Beyoncé to Blondie, has spent £1.2bn shopping for 117 catalogues to this point.

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Dylan’s songs stay vastly widespread, having been recorded greater than 6,000 occasions by dozens of artists, together with Adele, Weapons N’ Roses, Bob Marley, U2 and Stevie Surprise. Dylan has produced greater than 50 albums and, at 79 years previous, continues to tour, taking part in about 100 live shows a yr.

“To signify the physique of labor of one of many best songwriters of all time, whose cultural significance can’t be overstated, is each a privilege and a accountability,” stated Jody Gerson, the chief government of Common Music Publishing Group (UMPG).

UMPG’s dad or mum firm, Common Music, the world’s largest music group, which is planning a minimal €30bn (£274bn) inventory market flotation in 2022, has offers with stars together with Taylor Swift, Elton John and his co-writer Bernie Taupin, Adele and the Bee Gees.

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