Bob Dylan, 79, has sold his entire songwriting catalog to Universal Music for an estimated $300 million payout, reported The New York Times. The sale includes songs from 1962 all the way through today, beginning with “Blowin’ in the Wind” to his latest tunes like “Blood on the Tracks.”
UMPG Chairman & CEO Jody Gerson proclaimed in a press release that the representation of such a catalog is both a privilege and a responsibility for the company.
Sir Lucian Grainge, Chairman and CEO of UMG stated that he felt “enormous pride” to welcome Bob to the Universal family. He claimed that Bob’s art as a songwriter was timeless and that the art of crafting songs was the fundamental key to all great compositions. He called the legendary musician one of the “very greatest practitioners of that art” and that he had no doubt that decades, even centuries from now, the legacy of Bob Dylan would continue to be sung, played, and cherished everywhere.
The deal was reportedly done directly with Bob, according to The New York Times, who has controlled the majority of his own songwriting copyrights over the years.
The press release also cited some of Bob’s greatest and best-loved works, including “The Times They Are a-Changin’,” “Like A Rolling Stone,” “Lay Lady Lay,” “Forever Young,” “Knockin’ On Heaven’s Door,” “Tangled Up in Blue,” “Gotta Serve Somebody,” “Make You Feel My Love,” and the Academy Award-winning “Things Have Changed.”
His songs have been recorded well over 6,000 times said the release. These artists include The Animals, The Association, Bad Religion, Joan Baez, The Band, The Beach Boys, The Beatles, The Black Crowes, Jeff Buckley, The Byrds, Johnny Cash, Glenn Campbell, Eric Clapton, and Cher to name a few.
In his career, which has spanned over 60 years, he has been given several high-profile awards for his influence in the music industry. Bob was awarded the Presidential Medal of Honor by President Barack Obama in 2014. Two years later, he was given a Nobel Prize in literature and became the first American songwriter to achieve such a distinction.
Fans of the musician added their feelings regarding the lucrative deal in the comments section of a UMG Instagram post.
“A simple twist of fate,” wrote one follower.
“People don’t care about industry businesses, we’re looking for what the songs make us feel,” claimed a second fan.
“He is the GOAT,” penned a third Instagram user.
“What a fantastic singer, songwriter, and musician,” remarked a fourth fan.