Bob Dylan has become the latest sixties icon to sell his recording back catalogue for a huge pile of cash.
The 80-year-old singer/songwriter, whose first album was released on Columbia records in 1962, has sold his recording back catalogue to Sony for an undisclosed amount, although trade paper Variety said the deal was worth between £11mln and £148mln.
The deal is thought to include the rights to future records by Dylan, who is still actively recording and touring.
“Columbia Records has had a special relationship with Bob Dylan from the beginning of his career and we are tremendously proud and excited to be continuing to grow and evolve our ongoing 60-year partnership,” said Rob Stringer, Sony Music Group’s chairman.
Dylan, who took his stage name from Welsh poet Dylan Thomas, said, “Columbia Records and Rob Stringer have been nothing but good to me for many, many years”.
“I’m glad that all my recordings can stay where they belong,” Dylan said.
According to Allmusic.com, Dylan has released 52 albums.
In December 2020, Dylan sold his publishing rights to Universal Music Group for a reported US$300mln.