Lima, January 26, 2022Updated on 01/26/2022 10:07 pm
Sony Music announced on Monday that it has acquired all the musical recordings of the rock legend and Nobel Prize winner for Literature. Bob Dylan, a transaction that closed in July 2021, just seven months after the singer sold the copyright to his songs to Universal Music.
In a statement, Sony details that it has purchased all of Dylan’s recordings since 1962, from his debut album to his latest album, “Rough and Rowdy Days” (2020), in addition to the rights to multiple future releases.
The company did not disclose the amount it paid for Dylan’s recordings, but it is estimated that Universal Music paid about 300 million dollars by the end of 2020 for the copyright of their songs.
The statement recalls that Dylan recorded his first album in October 1961 with Columbia Records, owned by Sony Music, and that this album marked “the beginning of an unparalleled musical journey by a music master who continues to have a profound and global impact. in the culture”.
While the man behind “Blowin’ In the Wind” was “happy” that his recordings “can stay where they belong,” Sony Music president Rob Stringer said Dylan is “one of the biggest icons of music and a genius without rival”.
“We are excited to work with Bob and his team to find new ways to make his music available to his many fans now and for generations to come.Stringer added.
Dylan, 79, is the author of classic compositions in the history of contemporary music such as “The Times They Are a-Changin” and “Like A Rolling Stone”, among others, and in 2016 he was awarded the Nobel Prize for Literature for “having created new poetic expressions within the great tradition of US songs.”
Recording and authorship rights are separate and in recent years have been acquired by various investors, including major record labels.