Multiple Grammy winner Bruce Springsteen has sold his masters and music publishing rights to Sony Music in a deal reportedly worth $500m (€442m).
The deal gives Sony ownership of his 20 studio albums, including classics like triple platinum album Born To Run, five-times platinum The River and 15-times platinum Born In The USA, according to multiple US reports.
A 20-time Grammy winner, Springsteen's music generated about $15m in revenue last year.
It is the latest in a string of catalogue deals over the past year or so that includes the music of David Bowie, Bob Dylan, Paul Simon, Stevie Nicks, Neil Young and Carole Bayer Sager.
Warner Music bought worldwide rights to Bowie's catalogue in September, and Dylan sold his back catalogue of more than 600 songs in December last year to Universal Music Group with a purchase price widely reported as $300 million.
No public announcement has been made about the sale, and representatives for Sony and Springsteen did not immediately respond to queries.
Source: Reuters
