Which musician sold his entire songwriting catalog last month for over $300 million?
Nearly 60 years after writing such classics as "Like a Rolling Stone" and "Blowin' in the Wind," Bob Dylan has sold his entire songwriting catalog — more than 600 songs — to Universal Music Publishing Group in a deal reportedly worth more than $300 million. The deal with Dylan may be the highest price ever paid for a musician or group's songwriting rights. Universal will now collect money any time another musician covers any of those songs, and it will earn revenue for allowing the songs to be used in commercials and movies as well as when the songs are streamed or sold commercially.
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