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Sony Music Announces Acquisition of Bob Dylan’s Recorded Music Catalog

 


U.S. musician Bob Dylan performs during day two of the Hop Festival in Paddock Wood, Kent June 30, 2012. REUTERS/Ki Price

Jan 24 (Reuters) – Sony Music Entertainment (6758.T) said on Monday it has acquired Bob Dylan’s catalog of recorded music, including his renditions of popular songs such as “Blowin’ in the Wind” and “Knockin’ on Heaven’s Door”. ” as well as the rights to future versions.

The deal is the latest in Sony Music’s six-decade relationship with the artist and covers all of Dylan’s oeuvre since 1962. Variety cited sources who valued the deal at between $150 million and $200 million. .

Neither Sony nor Dylan’s rep would comment on the terms of the deal.

Dylan, 80, sold his songwriting catalog to Universal Music Publishing Group in December for $300 million. He was one of a group of aging artists, including Neil Young, Stevie Nicks and Paul Simon, who sold the rights to their compositions to investors, who are looking to capitalize on the opportunities created by music streaming.

Sony and Dylan said they would collaborate on future reissues of the artist’s Bootleg Series catalog, which began in 1991 and includes 14 releases through last year’s “Springtime In New York: The Bootleg Series Vol. . 16 (1980-1985)”.

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Reporting by Dawn Chmielewski; Editing by Richard Chang

Our standards: The Thomson Reuters Trust Principles.

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