Bruce Springsteen Is Considering To Sell His Music Catalog Worth Around $400 Million
According to three resources who spoke to Variety, E Street Band founder Bruce Springsteen has been started to negotiate with some music companies about selling his entire music catalog and it was approved that the deal is almost done.
As you may recall, Bob Dylan previously announced that he was going to sell his entire musical catalog to Universal Music Publishing Group for $400 million. After he had sold it, Dylan’s decision affected other legendary musicians who were considering making a deal with the music and publishing companies, especially during the global pandemic.
CSNY icon David Crosby also revealed that he had been through hard times due to canceled tours and albums sales which were very low because of streaming platforms. Thus, Crosby sold his music catalog to Irving Azoff’s Iconic Artists Group not to lose his house and to pay his debts. It seems that the other artists will follow the steps of Dylan and Crosby.
It was reported by Variety that Bruce Springsteen has been negotiating with the companies to sell his music catalog for approximately $400 million. Even though some resources approved that the deal is almost done, the details about the publishing rights are unknown for now because Springsteen has been working with Sony Music for a very long time. It can be said that the musician will probably declare the deal, owner, and details about it soon.