Bruce Springsteen Wants To Sell His Catalog For $415m
Bruce Springsteen in Los Angeles, California (Photo by Steve Granitz/WireImage)
He’s Already In Talks With Sony Music
Bruce Springsteen is looking to sell his recorded music and publishing catalog for $415m. The Boss is reportedly in talks with Sony Music, and the deal is almost complete.
He released a total of 20 studio albums between 1973 and 2020. Billboard estimated that Springsteen makes $7.5million a year from publishing, and he brought in $15million in revenue last year.
Springsteen has been with Sony Music’s Columbia Records since 1972 when he first signed with the label. He’s the latest classic rock artist to jump on the bandwagon especially since several musicians have sold their catalog including Bob Dylan who reportedly made almost $400 million from his music catalog sales to Universal Music Publishing last year.
Variety reported that Springsteen has been negotiating with Sony Music and Sony Music Publishing for months.
Meanwhile, Springsteen is hoping to be back on the road in 2022.
“We’ll be touring next year if everything goes well,” he said on BBC Radio 2’s Zoe Ball. “The E Street Band will be back on the road – you know, depending, of course, on the virus and what’s opening up.”
He recently appeared on The Late Show With Stephen Colbert and performed an acoustic rendition of “The River”.
