Common Music Group has obtained the publishing rights to Bob Dylan’s songwriting catalog in a single of the most significant acquisitions in UMG’s history.
MBW understands that the buyout, conducted by means of Universal Songs Publishing Team (UMPG), sees Common purchase both of those the publisher and author shares of Dylan’s catalog.
In current several years, the catalog – which was owned by Dylan ahead of UMG’s acquisition – has been administered by Universal rival Sony/ATV outside the house the US, and by Dylan’s possess procedure inside the United States. (Update: Sony/ATV will continue to administer the tracks exterior the US for the duration of its offer time period with Dylan.)
The catalog obtained by UMPG encompasses extra than 600 copyrights spanning 60 many years, from 1962’s cultural milestone Blowin’ In The Wind all the way to this year’s epic Murder Most Foul.
Expert sector resources notify MBW that Dylan’s catalog would command a pricetag someplace in the region of $250m to $400m in the existing frothy tunes rights M&A market, with the greater conclude of that estimate most likely just after hefty sector-vast bidding for the legal rights.
If that seems expensive, consider that just last week, Stevie Nicks’ publishing catalog was valued at close to $100m next Primary Wave’s acquisition of 80% of it. (Nicks wrote Fleetwood Mac’s smashes like Dreams and Landslide – as nicely as a string of solo hits – but a lot of of the band’s other most significant tracks these as Almost everywhere and Go Your Individual Way ended up penned by her bandmates.)
Universal did not disclose the selling price of the Dylan deal.
Universal’s buyout of Dylan’s catalog signifies a significant victory for UMG in the rampant new music rights M&A industry, where the bulk of action in new months has come from comparatively new gamers these as Hipgnosis Tunes Fund, Most important Wave, and Round Hill.
“We search forward to doing the job with Bob and the workforce in ensuring his artistry carries on to achieve and inspire generations of lovers, recording artists and songwriters all over the environment.”
Jody Gerson, UMPG
UMPG Chairman & CEO Jody Gerson said: “To characterize the body of perform of a person of the biggest songwriters of all time – whose cultural relevance cannot be overstated – is the two a privilege and a responsibility. The UMPG global group is honored to be Bob Dylan’s publishing associate and I in particular want to acknowledge Marc Cimino whose passion and perseverance had been instrumental in bringing this possibility to us.
“We glance forward to operating with Bob and the workforce in guaranteeing his artistry carries on to achieve and inspire generations of lovers, recording artists and songwriters all-around the world.”
Sir Lucian Grainge, Chairman and CEO of Common Tunes Group mentioned, “As an individual who started his profession in audio publishing, it is with great satisfaction that today we welcome Bob Dylan to the UMG family. It’s no mystery that the artwork of songwriting is the essential vital to all great tunes, nor is it a mystery that Bob is 1 of the extremely biggest practitioners of that artwork.
“Brilliant and relocating, inspiring and wonderful, insightful and provocative, his tunes are timeless—whether they were prepared much more than fifty percent a century ago or yesterday. It is no exaggeration to say that his broad human body of function has captured the really like and admiration of billions of individuals all around the globe. I have no question that many years, even centuries from now, the terms and audio of Bob Dylan will keep on to be sung and played—and cherished—everywhere.”
“As a person who started his occupation in audio publishing, it is with great satisfaction that these days we welcome Bob Dylan to the UMG household.”
Sir Lucian Grainge, UMG
Bob Dylan’s tracks have been recorded much more than 6,000 periods, by an array of artists representing dozens of international locations, cultures and music genres.
His greatest regarded works incorporate Blowin’ In The Wind, The Situations They Are a-Changin’, Like A Rolling Stone, Lay Girl Lay, Forever Younger, Knockin’ On Heaven’s Doorway, Tangled Up In Blue, Gotta Provide Any person, Make You Really feel My Like, and the Academy Award-winning Points Have Changed.
As an artist, Bob Dylan has sold far more than 125 million records around the environment. He typically proceeds to accomplish virtually 100 live shows per year.
Dylan was awarded the Nobel Prize for Literature in 2016 – the first songwriter to receive this kind of a difference – cited by the Swedish Academy “for obtaining established new poetic expressions within the great American song custom.”
Before this yr Universal father or mother Vivendi sold a 10% stake in the audio corporation to a consortium led by China’s Tencent Holdings for all around $3.4bn.Music Small business Globally