Bruce Springsteen has sold their music rights to the Sony Music Entertainment in what might be the biggest transaction that has been hit for a single artist’s work body, according to two Briefs about the agreement.
There is no public announcement made about transactions, which are closed in recent weeks, and certain terms are unknown.
But the value may exceed $ 500 million, according to two people, who speak anonymously because they are not authorized to discuss this issue.
Representatives for Sony and Springsteen declined to comment.
Arrangements, which have gossiped in the industry for weeks, including the catalog of Springsteen music recorded and his body worked as a songwriter.
This will give Sony’s ownership of a collection of complete Springsteen songs such as “born to be carried out,” “Born in the US” and “blind by light.” This is the latest and biggest mega-agreement in what has become several frothy years in which investors, the main music company and private equity companies – are captivated by the emergence of streaming and promises to increase music income for years to come – has been poured billions of dollars To buy a song catalog.
Bob Dylan, Paul Simon, Stevie Nicks, Shakira, Neil Young and many other stars have sold all or some of their work for the price of hundreds of millions.