(Universal has not disclosed the purchase price.)įor Universal Music Publishing Group, which is owned by the French media giant Vivendi, there's a lot of appeal in owning Dylan's songwriting rights. The deal with Dylan may be the highest price ever paid for a musician or group's songwriting rights.
The agreement was first reported by The New York Times, which said it is worth more than $300 million. Nearly 60 years after writing such counterculture classics as "Blowin' in the Wind" and "Like a Rolling Stone," Bob Dylan has sold his entire songwriting catalog - more than 600 songs - to Universal Music Publishing Group in a deal announced Monday morning by Universal. Source: snitt.Singer-songwriter Bob Dylan in 1965, when he was at the epicenter of the counterculture.
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