Bruce Springsteen Is Boss With Music Catalog Sale at Half a Billion — or More?
The song-catalog sweepstakes hit a new peak on Wednesday, when news broke that
, the largest known single-catalog acquisition to date. On Thursday, Sony Music confirmed the acquisition — noting the recorded-music and publishing agreements are separate — although neither Sony nor reps for Springsteen provided further specifics as they relate to financials. As catalog sales go, Springsteen’s reported deal tops the nearly $400 million that sources say Universal Music Publishing paid for Bob Dylan’s song catalog late last year, and dwarfs all other recent nine-figure deals.that the deal was actually closer to $600 million, although not all sources agree on that figure. Whenearly last month, sources said the Springsteen camp’s original asking price was around $350 million for both the publishing and recorded masters catalogs.
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