Sting is the latest artist to sell his music catalog
This guy is now taking a dip and jumping in the bank after selling his songwriting catalog to Universal Music. It is a deal worth an estimated $300 million. This agreement covers both the copyrights of his more than 600 songs and his royalties as a songwriter. This therefore means that Universal will receive all future music publishing revenue from Sting. Over the past two years, numerous record labels and Wall Street investors have invested billions of dollars in music deals In December, Sony purchased Bruce Springsteen‘s entire catalog which spans both his songwriting and his recorded music which grossed around $550 million. also sold out its entire music catalog earlier in the year. And that, by the way, also includes this amazing song, every breath you take because in 2019 BM I said that song was the most played song in their entire catalog, 14 million tracks basically qu they got in terms of money than just that song alone. So you add another 600 songs from the Stings catalog to that. But the most interesting thing here is Taylor being swept away by it all. You see older artists realizing that they’re not making a lot of money streaming, they’re probably making a lot of money. And if they’re not going out and doing tons of tours, why not make as much money as possible from your catalog as much as you can right now. So down the road who knows if those rights for those songs if you only get pennies a piece maybe it’s time to close the deal now that’s why you see all the great artist who is older, do it now.
Sting is the latest artist to sell his music catalog
Sting sells his catalog of music, including hits he’s made with the police and as a solo artist, joining a chorus of stars cashing in with investors who see value in licensing their songs. Universal said Thursday that its music publishing arm purchased the catalog, including “Every Breath You Take,” “Roxanne” and “Fields of Gold.” Financial terms were not disclosed. In recent months, Bob Dylan, Bruce Springsteen, Paul Simon, Stevie Nicks, Neil Young and others who have sold millions of albums to baby boomers have sold their recordings, their songwriting catalogs or both. Buyers usually get the permanent right to use the artist’s songs or recordings in commercials, movies, TV shows, and other formats. Pricing is rarely disclosed, but music industry pundits estimated Springsteen’s sale to Sony Music Entertainment in December at $550 million and Dylan’s deal is the same. month with Universal Music Publishing Group between 300 and 500 million dollars. Sting, real name Gordon Sumner, helped train London police in the 1970s as a singer, songwriter and bassist. The band combined new wave rock, reggae and jazz and were inducted into the Rock and Roll Hall of Fame in 2003. Between his work with the band and as a solo artist, Sting won 17 Grammy Awards and many other honors. Universal said it has sold over 100 million albums. In 2019, music licensing agency BMI said “Every Breath You Take” surpassed “You’ve Lost That Loving Feeling” to become the most-played song in its catalog. Sting still performs live concerts and has performed in more than a dozen In a statement released by Universal Music Group, Sting said he wants his work to be used to connect with longtime fans in new ways and “to introduce my songs to new audiences, musicians and generations”.
Sting sells his catalog of music, including hits he’s achieved with the police and as a solo artist, joining a chorus of stars cashing in with investors who see value in licensing their songs.
Universal said Thursday that its music publishing arm purchased the catalog, including “Every Breath You Take,” “Roxanne” and “Fields of Gold.” Financial terms were not disclosed.
In recent months, Bob Dylan, Bruce Springsteen, Paul Simon, Stevie Nicks, Neil Young and others who have sold millions of albums to baby boomers have sold their recordings, their songwriting catalogs or both. Buyers usually get the permanent right to use the artist’s songs or recordings in commercials, movies, TV shows, and other formats.
Pricing is rarely disclosed, but music industry pundits put Springsteen’s sale to Sony Music Entertainment in December at $550 million and Dylan’s deal that same month with Universal Music Publishing Group at $300-500 million. of dollars.
Sting, real name Gordon Sumner, was involved in the creation of the police in London in the 1970s as a singer, songwriter and bassist. The group combined new wave rock, reggae and jazz and were inducted into the Rock and Roll Hall of Fame in 2003.
Between his work with the band and as a solo artist, Sting has won 17 Grammy Awards and numerous other honors. Universal said it has sold over 100 million albums. In 2019, music licensing agency BMI said “Every Breath You Take” surpassed “You’ve Lost That Loving Feeling” to become the most-played song in its catalog.
Sting still performs live concerts and has acted in over a dozen films.
In a statement released by Universal Music Group, Sting said he wants his work to be used to connect with longtime fans in new ways and “to introduce my songs to new audiences, musicians and generations.”