Connect with us

Hi, what are you looking for?

Economy

Paul Simon joins trend to monetize old song catalogs

PAUL SIMON — MATTHEW STRAUBMULLER (IMATTY35) / EN.WIKIPEDIA.ORG

LOS ANGELES — Paul Simon has sold his entire song catalog to Sony Music Publishing, joining a string of older musicians cashing in on their life’s work.

Sony Music Publishing said last Wednesday that the deal includes classic songs ranging from “Bridge Over Troubled Water,” to “Still Crazy After All These Years” that Simon wrote and recorded over his six-decade career.

The value of the deal was not disclosed.

Mr. Simon, 79, a 16-time Grammy winner who in 2018 announced he was retiring from touring, said in a statement he was “pleased to have Sony Music Publishing be the custodian of my songs for the coming decades.”

The sale is the latest in a string of catalog deals that includes the music of Bob Dylan, Stevie Nicks, Neil Young and Carole Bayer Sager in the past year.

Mr. Dylan sold his back catalog of more than 600 songs in December to Universal Music Group and the purchase price was widely reported as $300 million. Other songs have been snapped up by London-based Hipgnosis, which has attributed the deals to a surge in music streaming especially during the coronavirus pandemic when concerts and music festivals have been canceled.

Companies can reap royalties from licensing the songs they have acquired for use in movies, commercials, and branding deals. —  Reuters

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.
Your information is secure and your privacy is protected. By opting in you agree to receive emails from us and our affiliates. Remember that you can opt-out any time, we hate spam too!

Latest

Economy

Economy

Benigno S.C. Aquino III, the Philippine president who tried to send corrupt officials to jail and took China to court for its island-building activities...

Economy

Personalities took to social media and their respective platforms to express their grief over the death of former President Benigno S. C. Aquino III on Thursday....

Economy

Cloud-based solutions support organizations in terms of collaboration and productivity during the current remote work challenges. As the usage of these tools continues to...

Economy

By Luz Wendy T. Noble, Reporter THE Philippines’ overall balance of payments (BoP) position posted a deficit of $1.39 billion in May, as the...

You May Also Like

Investing

Having a good Instagram marketing agency to back up your Instagram account is an absolute must going into the new year. With competition stronger...

Investing

As a traditionally rigid insurance industry becomes bogged down by antiquated processes and operations, a handful of industry leaders are seeking to shake things...

Economy

US President Joseph R. Biden, Jr., will rely on ally countries to supply the bulk of the metals needed to build electric vehicles and focus on...

Economy

THE Securities and Exchange Commission (SEC) has warned the public from investing or to stop any investment in a group named Maxxprofit Computer Trading...

Disclaimer: SmartRetirementReport.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2021 SmartRetirementReport. All Rights Reserved.

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.



Your information is secure and your privacy is protected. By opting in you agree to receive emails from us and our affiliates. Remember that you can opt-out any time, we hate spam too!