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No basketball so lets talk about the music industry.
Bob Dylan sells rights to all his songs in likely record-breaking deal
I can't find a sales figure but the song rights appear to be valued over $200 million. Its reported they were purchased but the Universal Music Group. UMG is the world's top music company (I never knew).
Its his to do what he wants, but I'm not that familiar with the intricacies of the music industry and curious as to who the winner is in this deal. Since royalties are considered inheritances of the estate, I wonder if the cash is easier to pass down than an income stream. I wonder if Elton John, Stevie Wonder and other legendary songwriters will follow.
Its not like Bob (almost 80 years old) needed the money, so what's the advantage to losing a lifetime of royalties and control? More importantly, will this affect us fans and music listeners?
Bob Dylan sells rights to all his songs in likely record-breaking deal
I can't find a sales figure but the song rights appear to be valued over $200 million. Its reported they were purchased but the Universal Music Group. UMG is the world's top music company (I never knew).
Its his to do what he wants, but I'm not that familiar with the intricacies of the music industry and curious as to who the winner is in this deal. Since royalties are considered inheritances of the estate, I wonder if the cash is easier to pass down than an income stream. I wonder if Elton John, Stevie Wonder and other legendary songwriters will follow.
Its not like Bob (almost 80 years old) needed the money, so what's the advantage to losing a lifetime of royalties and control? More importantly, will this affect us fans and music listeners?
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