Bruce Springsteen sells masters, music publishing to Sony for $500M: report
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Continuing a music industry trend among older big-name artists, rocker Bruce Springsteen has reportedly sold his master recordings and music publishing rights to Sony for $500 million.
The deal may be the biggest ever negotiated for an individual body of work, Billboard reported.
The New Jersey musician's catalog includes more than 300 songs, 20 studio albums and other items, according to the report. It also includes early recordings to which Springsteen acquired the rights in the 1980s after the release of his highly successful "Born in the USA" album.
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Springsteen – also known for such songs as "Born to Run," "Badlands" and "Dancing in the Dark" — has released his work on the Columbia Records label since 1973. The label is now owned by Sony.