Skip to content

Bob Dylan Has Sold His Entire Song Catalog To UMPG. Why?

Bob Dylan Has Sold His Entire Song Catalog

Bob Dylan has sold his entire song catalog (photo: Chris Pizzello)

 

When I read that Bob Dylan has sold his entire song catalog to Universal Music Publishing Group, I asked myself: Why? The unprecedented deal covers Dylan’s entire career, 600 copyrighted songs, and if the final financials were not disclosed, multiple press outlets have reported an estimation of $300 million for the transaction, thus $500 000 per song…But once again why would he do that when Paul McCartney, for example, fought to regain the Beatles catalog for years?

Before this transaction, Dylan’s net worth was already estimated to be around $200, so this made him more than twice richer at almost 80. But let’s face it, there are not many US/world tours in his future, and this move is giving UMPG entire control over his catalog, and maybe peace of mind over the haunting idea: who is going to control my music when I am not there anymore? This also led some fans to speculate Dylan might not be feeling too well and maybe putting his affairs in order? However, there’s no reason to think that way. There is also a part of the contract that leads to believe that Dylan’s career is not over: ‘But the agreement does not include any of Dylan’s unreleased songs. It also doesn’t cover any work Dylan writes in the future, leaving open the possibility that he could choose to work with another publisher for that material.’

Who could blame Dylan for cashing in on his work, his long career, and leaving some comfortable money for his 6 kids? It probably is a better situation than having his estate wrangling over some difficult decisions when he is not there anymore, this certainly assures his musical legacy to be taken care of while providing a substantial sum of money for his family. Money is easier to divide than songs.

Then, does it mean we will hear more Dylan tunes used in commercials for example? Not necessarily, as we don’t know the details of the transaction, and haven’t we already heard a song of his in a commercial for Victoria’s Secret?

But Dylan is not the only one making this move, in September, Chrissie Hynde sold her entire 164-song catalog to Hipgnosis, a company that has already bought the catalogs of Barry Manilow, Tom DeLonge (Blink-182, Angels & Airwaves), Nikki Sixx (Motley Crue) and Wu-Tang Clan’s RZA, among others. And yesterday, Stevie Nicks also sold the majority of her catalog to publisher Primary Wave for about $100 million. I suppose that all aging musicians are doing the same thing.

But this made me think about the value of art. Last month, it was announced that Taylor Swift was re-recording her songs because her music catalog has been sold to a private equity group without her knowledge or consent. The deal was believed to be worth more than $300 million, so as much as Bob Dylan’s transaction! Taylor may be very successful but nobody is going to convince me she has Dylan’s iconic catalog. Plus, she only wrote 173 songs, not 600! How could these 2 songbooks be sold for the same amount? Was Dylan robbed?

Leave a Comment





Amazon_Smile_logo
LET-ME-HELP-LOGO

Support Let Me Help Inc by shopping at smile.amazon.com

The Daisy Jopling Band To Perform “Who’s Who” At The Transfiguration Church In Tarrytown, NY Sunday May 12th, 2024 7 PM ET

By admin | May 9, 2024 |

The Transfiguration Church in Tarrytown, New York Presents “Who’s Who”, original violin arrangements of iconic songs by The Who performed by the Daisy Jopling Band featuring the Sleepy Hollow High School Chamber Orchestra on Sunday, May 12th, 2024. Location: Transfiguration Church 268 South Broadway Tarrytown, NY 10591 United States Tickets are $25 and can be…

Cyborg Drummer/DJ DRMAGDN Headlining Montauk Music Fest

By admin | April 9, 2024 |

Major Label BMG Records Artist & Producer DRMAGDN Cyborg Drummer / DJ will be making his Montauk Music Fest debut this year in May. DRMAGDN will be the Official Host & MC of The Montauk Music Fest plus play headlining sets on Friday 5/17 and Saturday 5/18 from 10pm-12am at Gurney’s Montauk Resort (290 Old…

RED CARPET EVENT @ Chelsea Table & Stage 4/12/24 Featuring THE AMERICAN RELICS & DRMAGDN

By admin | March 25, 2024 |

On Friday April 12th, 2024 beginning at 6:30 pm ET  there will be a Red Carpet event pre-show sponsored by Tribeca Records at the trendy nightspot Chelsea Table and Stage located in the heart of Chelsea at 152 west 26th street (inside the Hilton Fashion Hotel) in NYC. The Red Carpet will be followed by…

Live Review: Composer Randy Edelman Live at Chelsea T&S “2nd Annual St. Patrick’s Day Massacre” 03/16/24 and Record Release in NYC

By admin | March 17, 2024 |

There was an infinite vitality of velvet green flowing deliciously through the air as Composer Randy Edelman presented his 2nd Annual St. Patrick’s Day Massacre at the trendy new nightspot Chelsea Table & Stage in the heart of NYC on March 16, 2024….. a vivacious close to the spirited Irish Parade. His music is the…

DRMAGDN: Cyborg Drummer/DJ Debuts @ Chelsea T&S With Retro 80’s Party & Red Carpet Event 4/12/24

By admin | February 29, 2024 |

BMG recording artist, producer and World renowned, Global Touring Electrifying Powerhouse, DRMAGDN: Cyborg Drummer and DJ will make his debut at the popular, trendy night spot Chelsea Table & Stage (located at 152 west 26th street inside the Hilton Hotel) on  Friday April 12, 2024 @ 9:00PM. DRMAGDN will be celebrating his high energy brand of Electronic Dance Music (EDM)…

Going Steady: New Singles 2-23-24- 2-29-24 Reviewed

By Iman Lababedi | February 26, 2024 |

dance pop, gooey confection

US Top Ten Albums Tracking 2-16-24 – 2-22-24

By Iman Lababedi | February 26, 2024 |

75K EAUs is abysmal

Our Friend Tony Orlando’s Farewell Tour

By admin | February 25, 2024 |

“I still hit the ball, I just can’t run the bases!!!”

Sneak Peaks: New Album releases 3-1-24 – 3-7-24

By Iman Lababedi | February 25, 2024 |

contenders for the best punk rock around

Child Bite, Lamb Of God, Pantera At Madison Square Garden, Thursday, February 22nd, 2024, Reviewed

By Iman Lababedi | February 25, 2024 |

A three hours of hard rock, metal not metal, swift, loud, egoless pure metal

Scroll To Top