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Now That You’ve Bought a Multi-Million-Dollar Music Catalog, What Are You Going to Do With It?
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variety.comJem Aswad Senior Music EditorIn recent years, as streaming has rapidly become the format of choice for much of the world — and the primary revenue source for recorded music — the value of copyrights has soared.
That value climbed even higher when the pandemic flattened the financial engine of the music business — the live-entertainment industry — and copyrights proved themselves to be a remarkably durable asset.Over the past few months, Bob Dylan sold his song catalog to Universal Music Publishing for between $300-400 million, Neil Young sold half of his to fast-rising upstart Hipgnosis Songs for $100 million, and Stevie Nicks sold hers (along with other intellectual property) to Primary Wave for $100 million as well, sources say.
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