Bruce Springsteen sells the rights and recordings of his music to Sony Music. The record company is willing to pay half a billion dollars (443 million euros), according to sources from the American music weekly Billboard. According to Billboard, Sony Music will own all of Springsteen’s music.
The American released dozens of albums and hits in a period of almost fifty years. His first album, Greetings From Asbury Park, NJ, dates from 1973, his last studio album, Letter to You, was released last year and his last live LP this month.
Bruce Springsteen sings The River, a song from the 1980 LP of the same name:
Many internationally famous music artists choose to sell their musical legacy. Paul Simon, Neil Young and Bob Dylan, among others, preceded Springsteen.
Dylan sold the rights to 600 of his songs to Universal Music Group last year. According to media reports, that would have paid almost 340 million euros. That was reportedly the highest price ever paid for the purchase of music rights. Springsteen would now go far beyond that.
Sony Music and Springsteen have not yet responded to questions from Billboard.