Bruce Springsteen Sells Publishing Catalog To Sony For $500million
Sony Music announced on Thursday that it has bought the rights to Bruce Springsteen’s music catalog, reportedly for half a billion dollars, making him the latest superstar singer to join a frenzy of such sales fueled by the pandemic.
According to The New York Times and US entertainment outlet Billboard, the sale consists of Springsteen’s music catalog as well as his entire body of work as a songwriter such as iconic hit “Born in the USA,” which has sold nearly 30 million copies.
A 20-time Grammy winner, Springsteen’s music generated about $15m in revenue last year.
According the the RIAA, his album catalog has sold 65.5 million in the U.S., which includes his 15-times platinum Born in the U.S.A. and five-times platinum The River. A rep for Springsteen did not immediately return Rolling Stone‘s request for comment.
