There has never been a better time to be a sellout–especially if you’re a superstar holding the rights to decades of hits. Almost half of the top 25 earners secured their spots in the ranks by unloading all or pieces of their studios or music catalogs.
There has never been a better time to be a sellout–especially if you’re a superstar holding the rights to decades of hits. Almost half of the top 25 earners, includingdirector Peter Jackson and rocker Bruce Springsteen, secured their spots in the ranks by unloading all or pieces of their studios or music catalogs.the masters and publishing rights to all his recorded music and songwriting—including 11 multi-platinum albums and five gold singles—for what sources say was almost $500 million.
The Boss isn’t the only rocker on a financial roll. Other classic acts to sell their lucrative music catalogs in the past year include Bob Dylan, Paul Simon and Neil Young, who hauled in a combined $500 million before fees, enough for each to earn a spot in this year’s rankings. “These deals haven’t been hand-to-hand combat,” says Jon Landau, Springsteen’s manager of nearly half a century. “Everybody is getting what is in their interest.
Music libraries aren’t the only pieces of content selling for far more than a song. In the past two years, major streaming services have spent some $3.7 billion to secure the rights to TV hits such as
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