Bob Dylan Sells Copyright Of His Music To Universal

Bob Dylan (Instagram @@bobdylan)

JAKARTA - Singer Bob Dylan sold all of his music rights to Universal Music Publishing after leaving the Sony Music label.

Launching NME today, Tuesday, December 8, the selling price is estimated at 300 million US dollars. Universal owns the rights to 600 Bob Dylan songs that were previously on Sony Music for six decades.

This catalog includes several Bob Dylan hits such as Make You Feel My Love, Forever Young, Blowin 'in the Wind. It is known, these 600 songs were written by Bob Dylan during his career in the music industry for about 60 years.

Going forward, Universal does not need to share royalties with other authors.

"It's no secret that songwriting is the fundamental key to all music, Bob (Dylan) is one of the great practitioners of the art," said Lucian Grainge of Universal Music Group.

This step was taken by Bob Dylan as a way to organize his financial life at the age of 79 years. He has several children (no figures have been confirmed) and several grandchildren. His latest album, Rough and Rowdy is also included in this agreement, but the songs he wrote are still under the ownership of Bob Dylan.

In 2013, Bob Dylan signed the same contract with Sony Music for which he earned 4 million dollars per year. But Universal wanted to buy its music catalog and it didn't happen until December 2020.