Bruce Springsteen sells music catalog to Sony Music for $500 Million

Bruce Springsteen has sold his music rights to Sony Music in an estimated $500 million deal.  According to reports, the deal includes the singer’s recorded music catalog as well as his body of work as a songwriter — including classic hits such as “Born to Run,” “Blinded by the Light” and “Born in the U.S.A.”

Springsteen is the latest musician to sell all or parts of their catalogs following, among others, Bob Dylan, Stevie Nicks, Paul Simon, Shakira and Neil Young. Last year, Dylan sold his full publishing catalog for a reported sum of $300 million to Universal Music Publishing Group, while Fleetwood Mac’s Nicks sold a majority stake in her catalog, reportedly for $100 million.

The 72-year-old Springsteen has been with Sony’s Columbia Records for his entire 50-year career, selling more than 150 million records.

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