“It is no exaggeration to say that his vast body of work has captured the love and admiration of billions of people all around the world,” Universal Chief Executive Officer Lucian Grainge said in a statement. He isn’t selling the recordings, which are a separate asset. The value of songs and recordings has skyrocketed in recent years thanks to streaming, which has fueled a five-year expansion for the music industry after a deep slump. The collection encompasses 600 works, from early-’60s songs such as “Blowin’ in the Wind” and “The Times They Are a-Changin’” to an album released just this year, “Rough and Rowdy Ways.”ĭylan, 79, is cashing in on the boom in music rights. Universal didn’t disclose a price for the deal, though Dylan’s songs are worth more than $200 million, according to people familiar with the terms. Universal Music Group is acquiring Bob Dylan’s entire song catalog, a collection that spans six decades and includes many of the most iconic tracks in music history.
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