Sunday, 17 Jan 2021 10:23 AM MYT
Bob Dylan, shown here performing in Paris in 1978, sold his full publishing catalog for a reported sum of US$300 million. AFP file pic
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NEW YORK, Jan 17 The pandemic has left the performance industry reeling but music publishing, a normally under-the-radar side of the business, is roaring thanks to a frenzy of high-profile music catalog sales.
The royalty streams of song-writing copyright portfolios can prove lucrative for the long haul, and increasingly are enticing investors even as other industries tank under the pandemic’s weight.
Posted : 2021-01-17 15:19
Updated : 2021-01-17 15:19
Shakira performs during the halftime show of NFL Football Super Bowl LIV at Hard Rock Stadium, Miami, Florida, U.S, on Feb. 2, 2020. REUTERS-Yonhap
The pandemic has left the performance industry reeling but music publishing, a normally under-the-radar side of the business, is roaring thanks to a frenzy of high-profile music catalog sales.
The royalty streams of songwriting copyright portfolios can prove lucrative for the long haul, and increasingly are enticing investors even as other industries tank under the pandemic s weight.
In many cases, the transactions have come at staggering prices: Bob Dylan sold his full publishing catalog for a reported sum of $300 million to Universal Music Publishing Group, while Stevie Nicks of Fleetwood Mac sold a majority stake in her catalog reportedly for $100 million.