Common Music has purchased the complete again catalogue of Bob Dylan’s songs, it introduced on Monday, in a purported nine-figure deal for probably the most prized rights’ collections in music historical past.
The deal covers greater than 600 track copyrights spanning 60 years, together with Blowin’ In The Wind, The Instances They Are a-Changin, Like A Rolling Stone, Lay Woman Lay and Eternally Younger,” Common Music stated in a press release.
The music firm gave no monetary particulars of the acquisition however the Monetary Instances reported it was a “nine-figure deal.” The New York Instances estimated the worth at greater than $300 million.
“The deal is essentially the most important music publishing settlement this century and probably the most necessary of all time,” Common Music stated in its assertion.
The worth of proudly owning music rights has soared in recent times with the surge in reputation of streaming websites equivalent to Spotify.