January 26, 2022

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NOK 4.5 billion gain in rights sales - VG

NOK 4.5 billion gain in rights sales – VG

Director salaries: Bruce Springsteen makes good money from music rights.

Bruce Springsteen (72) sold the rights to his music to Sony for $500 million.

painting Other media wrote that the artist from New Jersey had entered into an agreement with the company.

Sony has not yet commented on the news.

For Thursday’s equivalent of just over NOK 4.5 billion, Sony is getting the rights to the recording catalog with titles such as “Born in the USA” and “The River”, as well as the rights to release Springsteen music.

With this agreement, Springsteen joins the ranks of rock musicians of his generation who have reportedly sold their music rights. rolling rock. They included Bob Dylan and Neil Young, among others. The sales were made after the pandemic made it difficult to make money at concerts.

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It is estimated that “Boss” has already generated about $65.5 million in record sales, in the United States alone.

The question after the sale is whether commercial interests such as commercials will be able to use Springsteen’s music in the future.

When Neil Young, who only sold the rights to half of his catalog, mentioned he entered into a similar agreement, one of the points of the agreement was that the songs could not be used for advertising.

With billions of new books on the books, it could also drip on her 29-year-old daughter Jessica Springsteen, who this fall rode to team up with the Norwegian. Not Juliksen in showjumping. ride on two Bjorn Ron Gelstens The Scandinavian Vikings team in the World Champions League, which is a showjumping version of the European Champions League.

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