LOS ANGELES: Sony Music Entertainment said Monday that it has acquired US singer Bob Dylan’s entire back catalog of recorded music since 1962.
The deal, concluded in July 2021, is worth between 150 million and 200 million dollars, according to US media. It covers the rights to Dylan’s multiple future new releases, the Sony Group Corp. unit said.
“I’m glad that all my recordings can stay where they belong,” Dylan said in a statement.
“The essential impact he and his recordings continue to have on popular culture is second to none,” Rob Stringer, chairman of Sony Music Group, said of Dylan. “We’re thrilled he will now be a permanent member of the Sony Music family.”
In 2020, Dylan sold his publishing rights to Universal Music Group. US rock singer Bruce Springsteen sold the recording and songwriting rights to Sony Music Entertainment last year.