Bob Dylan sells entire music catalog to Universal for an estimated $300 million
Bob Dylan's entire music catalog is under new management.
Universal Music Group has acquired the entirety of Dylan's 600-song catalog, the company announced Monday. Financial details of the deal haven't been disclosed, but estimates put the purchase at close to $300 million, The New York Times reports.
Over his past 60 years in music, Dylan has largely controlled his own songwriting copyrights as he sold more than 125 million records globally. All those songs, including "Blowin' In The Wind" and "The Times They Are a-Changin,'" will head to Universal. The Times says it could likely be the "biggest acquisition ever of a single act's publishing rights."
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"To represent the body of work of one of the greatest songwriters of all time — whose cultural importance can't be overstated — is both a privilege and a responsibility," Jody Gerson, the chief executive of Universal’s publishing division, said in a statement. Dylan meanwhile had no comment, per the Times.
