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Dylan Sells His Entire Catalogue To Universal For Estimated $300 Million
Posted on 12/7/20 at 11:13 am
Posted on 12/7/20 at 11:13 am
Universal Music has bought the entire back catalog of Bob Dylan's songs, it announced Monday, in a purported nine-figure deal for one of the most prized rights' collections in music history.
The deal covers more than 600 song copyrights spanning 60 years including "Blowin' In The Wind," "The Times They Are a-Changin'," "Like A Rolling Stone," "Lay Lady Lay" and "Forever Young," Universal Music said in a statement.
The music company gave no financial details of the purchase but the Financial Times reported it was a "nine-figure deal." The New York Times estimated the price at more than $300 million.
"The deal is the most significant music publishing agreement this century and one of the most important of all time," Universal Music said in its statement.
LINK
The deal covers more than 600 song copyrights spanning 60 years including "Blowin' In The Wind," "The Times They Are a-Changin'," "Like A Rolling Stone," "Lay Lady Lay" and "Forever Young," Universal Music said in a statement.
The music company gave no financial details of the purchase but the Financial Times reported it was a "nine-figure deal." The New York Times estimated the price at more than $300 million.
"The deal is the most significant music publishing agreement this century and one of the most important of all time," Universal Music said in its statement.
LINK
This post was edited on 12/7/20 at 11:35 am
8
Posted on 12/7/20 at 11:23 am to 14&Counting
Imagine trying to tell someone in the Village about this in the 60s
Posted on 12/7/20 at 11:26 am to 14&Counting
Robbie Z eyeing the end of it all
This deal is positively 4th street
This deal is positively 4th street
Posted on 12/7/20 at 11:27 am to 14&Counting
That's insane. I wouldn't think there's a huge demand for his songs in advertising. Maybe he's doing big numbers on spotify.
Posted on 12/7/20 at 11:34 am to 14&Counting
..trying to leave his kids something extra?
Posted on 12/7/20 at 11:41 am to Brosef Stalin
quote:
I wouldn't think there's a huge demand for his songs in advertising.
I think we'll be hearing his songs in commercials all the time now
Posted on 12/7/20 at 12:08 pm to SEClint
quote:
..trying to leave his kids something extra?
I read a while back, that his wealth was already estimated to be around a couple of hundred million. Jeez, that's a lot of money.
Posted on 12/7/20 at 12:22 pm to auggie
Well, the times, they are a-changin'.
Posted on 12/7/20 at 12:22 pm to Brosef Stalin
quote:
That's insane. I wouldn't think there's a huge demand for his songs in advertising.
I think exactly the opposite. Some of his stuff from 65-70 will be great for background for commercials. There are currently a couple of national commercials that use parts of a couple of his songs, and he's always been used pretty often in movie soundtracks.
Posted on 12/7/20 at 12:25 pm to 14&Counting
That's kind of like Kramer selling his life stories to Peterman.
Posted on 12/7/20 at 12:28 pm to Pettifogger
quote:
Imagine trying to tell someone in the Village about this in the 60s
Well, if he hadn't broken out the electric, and pissed everybody off, it never would have happened.
Posted on 12/7/20 at 12:38 pm to SEClint
quote:
..trying to leave his kids something extra?
I see it the other way. If he cared he’d leave the catalogue to his estate (children) and let them profit off of it forever. They could sell it if they wanted to.
Posted on 12/7/20 at 12:44 pm to PillPusher
quote:
I see it the other way. If he cared he’d leave the catalogue to his estate (children) and let them profit off of it forever. They could sell it if they wanted to.
He's always tried to keep tight control over the use of his material, and it's getting harder and harder to do that. I think he's probably tired of it, and decided to go ahead and take the money now.
The great thing for me, maybe now some of my favorites will finally be on YouTube.
Posted on 12/7/20 at 12:49 pm to 14&Counting
So much for his "stance" on the establishment and shite
Posted on 12/7/20 at 1:11 pm to Wtodd
quote:
So much for his "stance" on the establishment and shite
That was always bullshite, and he's said it before. All of that protest stuff was just a way that he saw to break into the music business. He was a guy that could write any way he wanted to, and he saw the folk music scene as the easiest path to get where he wanted to be, but he had to play the part and be convincing.
Posted on 12/7/20 at 1:19 pm to PillPusher
I was really being sarcastic lol, I live comfortable but I'm willing to bet that Bob and Jakob live a lot more comfortably and have for years 
He's like 80 and just wonder why he made this move now.
He's like 80 and just wonder why he made this move now.
Posted on 12/7/20 at 1:51 pm to 14&Counting
Get ready for a lot of awful, generic sounding Dylan covers in movies, TV shows, and anywhere else you can imagine.
Posted on 12/7/20 at 2:33 pm to SEClint
quote:
He's like 80 and just wonder why he made this move now.
My theory:
He wanted to negotiate a deal on his terms for what he valued his life's work prior to dying & ultimately having his "estate" work out some deal for a different number than he felt he would accept vs. roll over in his grave.
That said, I really kinda figured he'd just give his music to the music community/artists, NOT execs, to perform & create their own versions of his poetry.
Posted on 12/7/20 at 6:21 pm to PillPusher
quote:
I see it the other way. If he cared he’d leave the catalogue to his estate (children) and let them profit off of it forever. They could sell it if they wanted to.
I agree and this way the government will be taking a very large piece.
Posted on 12/7/20 at 6:32 pm to SEClint
quote:
He's like 80 and just wonder why he made this move now.
Given the situation with shutdowns he'll probably never tour again. Not too many more options for him to monetize his music, might as well cash out now.
This post was edited on 12/7/20 at 6:33 pm
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