– They don’t call him The Boss for nothing. Billboard is the first to report that Bruce Springsteen has signed what may be the biggest music deal ever by a single artist, selling both his entire music catalog and his publishing catalog to Sony for $500 million. The 72-year-old artist has spent his entire five-decade career recording for Sony’s Columbia Records, including five-platinum River and 15 times platinum Born in USAwith over 65 million sales in the United States, according to the Recording Industry Association of America.
And it’s still making a lot of money, 50 years later: Billboard notes that his catalog generated around $15 million in revenue in 2020. According to CNN, Springsteen has also been enjoying something of a renaissance, with his latest album with the E Street Band, letter to youreleased last year, and its Springsteen on Broadway shows helping get the Great White Way running again in June after a COVID shutdown of more than a year.
the New York Times notes that Springsteen has long controlled both his recording and songwriting copyrights, with Universal administering his publishing catalog since 2017. The deal comes a year after Bob Dylan sold the entirety of its music catalog for an estimated price of nearly $400 million. Representatives for Springsteen and Sony have yet to comment. (Read more Bruce Springsteen stories.)