NEW YORK: Bob Dylan has sold its entire back catalog of recorded music along with the "rights to several future new releases" to Sony Music Entertainment, the company announced Monday, part of a recent rush of music rights purchases. Latest high-profile deal.
Sony did not disclose the financial terms of the deal.
In late 2020 the iconic American artist had already sold his songwriting rights - aside from the recording rights, which control reproduction and distribution - to Universal, in a deal worth more than $300 million.
According to industry reports including Billboard and Variety, the latest Dylan deal was worth around $200 million.
Sony said it closed the recording rights transaction in July 2021, tightening Dylan's six-decade relationship with the company.
The author of folk rock classics including "Like a Rolling Stone" and "Tangled Up in Blue" was signed to Sony's Columbia Records in 1961, and recorded his debut album that same year.
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