Done: Sony Music Acquires Springsteen Catalogs
• Sony Music Group formally confirmed that it has indeed acquired Bruce Springsteen‘s entire body of recorded music and songwriting catalogs through separate agreements. While no dollar figure was mentioned, various published reports have pegged the approximate value of this transaction as high as $500 million.
The two agreements cover the recorded music and music publishing rights to all of Springsteen’s songs, including “Born to Run,” “Born In The USA,” “Dancing in the Dark,” “Glory Days,” “The River,” “Hungry Heart,” “Brilliant Disguise” and “I’m On Fire,” just to scratch the surface. Sony Music Publishing partnered with Eldridge on the songwriting catalog purchase.
Springsteen’s recording career with Columbia Records spans nearly 50 years and continues to this day, beginning with his signing in 1972 and his 1973 debut album, Greetings from Asbury Park, NJ. Last year, Springsteen released Letter to You, his 20th studio album on Columbia.
Springsteen commented, “I am one artist who can truly say that when I signed with Columbia Records in 1972, I came to the right place. During the last 50 years, the men and women of Sony Music have treated me with the greatest respect as an artist and as a person. I’m thrilled that my legacy will continue to be cared for by the Company and people I know and trust.” [Photo credit: Danny Clinch]
