Bruce Springsteen reportedly sold his music catalog worth hundreds of millions of dollars

2 years ago 404

(CNN)"The Boss" whitethorn person conscionable made a chill half-billion dollars.

Bruce Springsteen has sold the rights to his euphony catalog to Sony Music Entertainment, according to a connection from Sony.

Through 2 abstracted agreements, the merchantability would see Springsteen's enactment astatine Sony-owned Columbia Records arsenic some a vocalist and songwriter, the connection said. Investment steadfast Eldridge Industries partnered with Sony connected the songwriting catalog purchase.

The woody would beryllium the largest ever transaction for a azygous artist's catalog astatine a worth that could beryllium northbound of $500 million, according to The New York Times, citing sources briefed connected the deal.

Bruce Springsteen reopens Broadway with archetypal full-capacity amusement since pandemic

"I americium 1 creator who tin genuinely accidental that erstwhile I signed with Columbia Records successful 1972, I came to the close place," Springsteen said successful the connection from Sony. "During the past 50 years, the men and women of Sony Music person treated maine with the top respect arsenic an creator and arsenic a person. I'm thrilled that my bequest volition proceed to beryllium cared for by the institution and radical I cognize and trust."

Billboard was the archetypal to report the sale.

One of the premier stone artists of each time, Springsteen is liable for specified hits arsenic "Born successful the USA," "Dancing successful the Dark" and "Born to Run." He and the E Street Band, who helium has played with for decades, person been inducted into the Rock and Roll Hall of Fame.

Springsteen's latest album, "Letter to You," was released successful October 2020.

Springsteen reopened Broadway successful June with his "Springsteen connected Broadway" performances aft Covid-19 restrictions halted full-capacity shows for much than a year.

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