American Singer-Songwriter Bob Dylan Sells All Recorded Songs to Sony

[Asia Economy Reporter Kwon Jae-hee] The rights to all recordings and future unreleased songs of legendary American singer-songwriter Bob Dylan (80) have been sold to Sony Music Entertainment.

According to CNBC on the 24th (local time), Sony officially announced this. Sony had agreed to a contract with Dylan last July, but the official announcement was made after six months.

The specific terms of the contract were not disclosed. However, according to Billboard, it is estimated to exceed $200 million (approximately 239.6 billion KRW).

This agreement is separate from Dylan's 2020 deal in which he sold all music rights to Universal Music for $300 million, with Sony holding the recording copyrights of Dylan's music and Universal Music holding the copyrights to the melodies and lyrics of Dylan's music.

Owning the recording copyrights, Sony can make decisions regarding future re-releases, while Universal Music can receive royalties when Dylan's music is used in advertisements, streaming, films, and other media.

Dylan stated in a press release, "I am pleased that all my recordings can continue to remain where they currently belong."

Dylan, who won the Nobel Prize in Literature in 2016, has maintained a relationship with Columbia Records since signing with them in 1961 and releasing his debut album the following year. Columbia is currently a subsidiary of Sony.

This content was produced with the assistance of AI translation services.