Bob Dylan Sells his Entire Catalogue of 600 Songs

[Queequeg]

Well, the word's out now.
I've been outbid.
Universal bought the publishing rights to the entire Dylan collection spanning more than 60 years.
Undisclosed, but estimated at $300M.
I couldn't justify going any higher due to my advanced age and expect a decent ROI.

[ducktrapper]

I'm surprised that he would let these out of his hands. IIRC he went through a lot to regain control of his songs. Can't see why he would do it. Can't need the money. Can he? 

[Queequeg]

I'm surprised that he would let these out of his hands. IIRC he went through a lot to regain control of his songs. Can't see why he would do it. Can't need the money. Can he? 

Dylan has been very savvy financially over the years according to what I heard today.
A 9-figure payday has to be enticing.
He'd be a long time earning that on streaming royalties.
Maybe this is the tipping point and he figures they're worth more today than a year or more from now.

[ducktrapper]

Dylan has been very savvy financially over the years according to what I heard today.
A 9-figure payday has to be enticing.
He'd be a long time earning that on streaming royalties.
Maybe this is the tipping point and he figures they're worth more today than a year or more from now.

I guess. I wonder if he had a word with McCartney first. Anyway, I hadn't heard of the impending sale or I might have sold a guitar or two and joined you in a bidding war. But Dylan? He never calls, he never writes.   

[jpmist]

Reminds me of "Bowie Bonds" - "Bowie bonds were first issued in 1997 when David Bowie partnered with Prudential Insurance Company and raised $55 million by promising investors income generated by his back catalog of 25 albums."

Bowie was among the first to pull this off - https://www.investopedia.com/terms/b/bowie-bond.asp

Great idea to monetize his career to fund his retirement. I'm sure my back catalogue would bring in a very large negative number