![]() ![]() ![]() The company will collect money any time another musician covers any of those songs, and it will earn revenue for allowing the songs to be used in commercials and movies as well as when the songs are streamed, sold commercially on such formats as CDs, or broadcast. (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. Singer-songwriter Bob Dylan in 1965, when he was at the epicenter of the counterculture. ![]()
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