Sony Music Entertainment┬аhas acquired Bob Dylan’s catalogue of recorded music, including his performances of such popular songs as Blowin’ in the Wind┬аand Knockin’ on Heaven’s Door,┬аas well as the rights to future releases.
The deal is the latest in Sony Music’s six-decade relationship with the artist, and covers Dylan’s body of work since 1962. According to sources cited by Variety, the deal was valued at $150┬аmillion to $200 million US.
Neither Sony nor Dylan’s representative would comment on┬аdeal terms.
Dylan, 80, sold his songwriting catalog to Universal Music Publishing Group in December for a reported $300 million. He was among a group of aging artists, including Neil Young, Stevie┬аNicks and Paul Simon, who have sold the rights to their compositions to investors, who seek to capitalize on the opportunities created by music streaming.
Sony and Dylan said they will collaborate on future catalog reissues in the artist’s Bootleg Series, which began in 1991 and includes 14 releases through last year’s lauded Springtime In┬аNew York: The Bootleg Series Vol. 16 (1980-1985).┬а
