Bruce Springsteen reportedly sold his music catalog to Sony Music Entertainment for $500 million
NEW YORK — “The Boss” might have simply made a cool half-billion {dollars}.
Bruce Springsteen has sold the rights to his music catalog to Sony Music Entertainment for a price that may very well be north of $500 million, according to The New York Times, citing sources briefed on the deal.
The deal could be the biggest ever transaction for a single artist’s catalog, in accordance to the Times, and would come with his work as each a singer and songwriter.
Billboard was the primary to report the sale.
One of the premier rock artists of all time, Springsteen is accountable for such hits as “Born within the USA,” “Dancing within the Dark” and “Born to Run.” He and the E Street Band, who he has performed with for a long time, have been inducted into the Rock and Roll Hall of Fame.
Springsteen’s newest album, “Letter to You,” was launched in October 2020.
Springsteen reopened Broadway in June with his “Springsteen on Broadway” performances after Covid-19 restrictions halted full-capacity exhibits for greater than a yr.
CNN has reached out to representatives for Springsteen and Sony for remark.
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