Bruce Springsteen Explains Why He Sold His Catalogue - Noise11.com
Bruce Springsteen and Max Weinberg at AAMI Park on Thursday 2 February 2017. Photo Ros O'Gorman

Bruce Springsteen and Max Weinberg at AAMI Park on Thursday 2 February 2017. Photo Ros O'Gorman

Bruce Springsteen Explains Why He Sold His Catalogue

by Music-News.com on November 2, 2022

in News

Bruce Springsteen says his decision to sell his back catalogue was a “timing thing”.

Bruce insists he doesn’t have plans to hang up his microphone after offloading his entire back catalogue of music to Sony Music Group for $500 million in December last year, but he knew Columbia Records – who are owned by Sony – would “take really good care of it”.

He said: “I just got to a point in my life where, you know, I’m 73 years old and it was going to Columbia [Records] who I knew was going to take really good care of it.

“And so it was just a timing thing and it was like, ‘OK, it makes sense.’ ”

Quizzed on whether his decision was partly about recognising the financial value of his work, he said: “Absolutely.”

Bruce admitted he is lucky to have been paid “a fortune” for a job he would’ve done for free.

Speaking on Sirius XM’s ‘The Howard Stern Show’, he added: “I bumped into the luckiest job in the world because they pay you a fortune for something that I would have done for free.”

The agreement has seen Sony assume ownership of Bruce’s entire catalogue.

Earlier this year, Sting sold his back catalogue to Universal Music Group for a reported $300 million, following in the footsteps of Bruce, Stevie Nicks, Neil Young, and Bob Dylan.

In December 2020, Dylan sold his back catalogue of more than 600 songs to Universal Music Group.

Universal are said to have forked out $300 million for the rights, and the company hailed the move at the time as the “most significant music publishing agreement this century”.

music-news.com

Stay updated with your free Noise11.com daily music news email alert. Subscribe to Noise11 Music News here

Be the first to see NOISE.com’s newest interviews and special features on YOUTUBE and updated regularly. See things first SUBSCRIBE here: Noise11 on YouTube SUBSCRIBE

Noise11.com

Follow Noise11 on Social Media

Noise11 on Instagram

You’ll discover music news first following Noise11 on Twitter

Comment on the news of the day, join Noise11 on Facebook

Related Posts

Lemmy Phil Taylor and Eddlie Clarke photo by Sheila Rock supplied by BMG
Motörhead To Release 1976 ‘Lost Album’ ‘The Manticore Tapes’

Motörhead will release the 1976 recordings ‘The Manticore Tapes’ that were originally intended for an album at the time but then discarded.

3 days ago
George Thorogood and the Destroyers Play Melbourne #Review

George Thorogood formed The Destroyed in 1973, ZZ Top started in 1969. Combined, George’s 53 years as a Destroyer and Billy Gibbons 56 years as a Top gives this night an incredible combined 109 years of experience on stage.

4 days ago
ZZ Top Without Dusty and Frank Must Be Bittersweet for Billy Gibbons

It must be a strange feeling for Billy Gibbons to have to celebrate 50 years of ZZ Top on tour without his co-founders and best friends Dusty Hill and Frank Beard. The good news is that Gibbons is continuing the legacy of one of America’s greatest Blues-Rock bands.

4 days ago
Keith Richard by Ros O'Gorman, the Rolling Stones Melbourne 2014
Rolling Stones Tequila Sunrise Creator Bobby Lozoff Dies Aged 77

Fun fact: The Rolling Stones made the Tequila Sunrise famous first, not Eagles.

5 days ago
Pink Floyd in Pompeii
Pink Floyd Look Good For UK No 1 Album This Week

Pink Floyd are on course to claim their seventh UK Number 1 album this week, as Pink Floyd at Pompeii – MCMLXXII dominates the midweek Official Albums Chart.

5 days ago
Brian James of The Damned from his Facebook page
Brian James of The Damned Buried At Sea

The Damned guitarist Brian James has been buried at sea.

5 days ago
James Baker photo from Hoodoo Gurus Facebook page
James Baker of the Hoodoo Gurus, Beasts of Bourbon Dies At Age 71

James Baker, a founding member and drummer for The Hoodoo Gurus, later with Beasts of Bourbon and The Dubrovniks, has died at the age of 71.

6 days ago