Bruce Springsteen sells his music collection for $ 500 million
US singer Bruce Springsteen has reportedly sold his entire music collection and publishing rights to Sony Music in a deal estimated at $ 500 million.
Music Industry Magazine Billboard reported the agreement. The post based its story on information provided by anonymous people who spoke about the deal. The deal has not been publicly announced. Sony Music representatives have not commented on the report.
Other music stars have also sold the rights to their work in recent years, including Tina Turner, David Bowie, Bob Dylan and Stevie Nicks.
But the Associated Press reports that the Springsteen deal is said to be the largest to date. It includes 300 songs from over 20 albums. Among them is one of the biggest sellers in history: the 1984s Born in the United States
Warner Music purchased the worldwide rights to Bowie’s music in September. Last year, Dylan sold his music collection of over 600 songs to Universal Music Group in a deal valued at $ 300 million.
Springsteen, 72, worked for Sony’s Columbia Records throughout his career, during which he sold over 150 million records.
The singer-songwriter has won 20 Grammy Awards, two Golden Globes and an Academy Award for Best Song for Streets of philadelphia in 1993.
Springsteen was awarded the Presidential Medal of Freedom in 2016 by President Barack Obama. He has also been accepted into the Rock and Roll Hall of Fame and the Songwriters Hall of Fame.
I am Bryan Lynn.
Billboard, The Associated Press, Reuters and Agence France-Presse reported this story. Bryan Lynn adapted the reports for VOA Learning English. Caty Weaver was the editor.
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