Bruce Springsteen sold the rights to his music catalog to Sony Music Entertainment for what could be as much as $500 million, based on The New York Times, citing sources briefed on the deal.
According to the Times, the deal will be the largest-ever transaction for an artist’s portfolio, and will include his work as both a singer and songwriter.
Billboard is the first sales report.
One of the top rock artists of all time, Springsteen is responsible for hits like “Born in the USA,” “Dancing in the Dark,” and “Born to Run.” He and the E Street Band, with whom he played for decades, were inducted into the Rock and Roll Hall of Fame.
Springsteen’s latest album, “Letter to You,” was released in October 2020.
Springsteen reopen Broadway in June with his performance of “Springsteen on Broadway” after Covid-19 restrictions halted full-blown performances for more than a year.
CNN has reached out to representatives for Springsteen and Sony for comment.
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