Like many other musicians in the past couple of years, Bruce Springsteen also sold his entire music catalog to Sony Music Group. SMG posted a photo of Springsteen on Twitter and quoted his words about how good he feels for selling his legacy to Sony.
Many rock musicians have chosen to sell the copyrights to their music catalogs in the past few years due to their inability to perform live because of either the pandemic or their age. Bob Dylan, Red Hot Chili Peppers, and Neil Young also recently sold their music catalogs but, they weren’t worth as much as Springsteen’s did.
The iconic singer’s catalog was sold to Sony for around $500 million, which is a great number but not that surprising when considering Springsteens’ extensive and lengthy repertoire. The record label announced the news in a tweet and quoted Springsteen’s words about his decision to sell his legacy to Sony.
Although many expected Bruce to express his sadness over selling his music catalog like several rockstars, such as David Crosby, who argued that it was the only way to stay afloat since they are not getting any younger and the pandemic has prevented them from performing live, the rockstar’s words were actually very positive. In fact, he said that he’s thrilled to know that his ‘legacy will continue to be cared for’ by the people he trusts.
Here is what Sony tweeted:
“Through two separate agreements, Sony Music Group has acquired Bruce Springsteen’s entire recorded music and songwriting catalogs. Read more about the acquisition and Springsteen’s nearly 50-year recording career with Columbia Records.”
Springsteen’s feelings about selling it to Sony were as follows:
“I am the one artist who can truly say that when I signed with Columbia Records in 1972, I came to the right place. During the last 50 years, the men and women of Sony Music have created me with the greatest respect as an artist and as a person. I’m thrilled that my legacy will continue to be cared for by the Company and people I know and trust.“
Springsteen has been with Columbia Records, which also includes Sony, for almost half a century and currently feels at peace with selling his music to them and is convinced he is in the right place. He seems delighted to have reached a good deal with the company he has trusted for most of his career.
You can see the tweet and Springsteen’s words below.
Through two separate agreements, Sony Music Group has acquired Bruce Springsteen’s entire recorded music and songwriting catalogs. Read more about the acquisition, and Springsteen’s nearly 50-year recording career with Columbia Records. https://t.co/HiI7npVbpt pic.twitter.com/EoCiMCJ5BW
— Columbia Records (@ColumbiaRecords) December 17, 2021