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Bruce Springsteen has reportedly sold his entire music catalogue to Sony Music for $500 million. What’s his 2021 net worth now?
The masters and music publishing deal reportedly gives Sony ownership of the musician’s 20 studio albums, including 1975’s Born To Run, which became his breakout hit.
According to the Billboard report, Bruce has joined the likes of Bob Dylan and David Bowie, who sold their back catalogues to Universal Music and Warner Music Group respectively.
Billboard reports the Springsteen deal, which sees Bruce sell his masters rights to Sony Music and his music publishing rights to Sony Music Publishing, could be the “biggest deal in music for an individual body of work”.
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Bruce Springsteen’s 2021 net worth explored
According to the Celebrity Net Worth portal, Bruce Springsteen’s net worth in January 2020 was about $500 million.
If the above figures are accurate, the reported Sony Music deal would see Springsteen double his fortune and become a billionaire!
The New Jersey native grew up in a Catholic household. At a young age, Bruce was inspired by Elvis Presley and the Beatles. After putting out two mildly successful albums, Bruce’s 1975 album Born To Run became the breakout hit that catapulted the star to international fame.
The artist has reportedly sold more than 135 million albums worldwide.
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Singer reportedly sells entire music catalogue to Sony
The New York Times reports the deal between the 72-year-old musician and Sony was being gossiped about in industry circles for weeks.
The deal would give Sony ownership of classic Bruce Springsteen albums such as Born To Run, Born in the USA, Blinded By The Light, The River and many more.
The New York Times has reported artists in the past such as Bob Dylan, Paul Simon, Shakira, Neil Young and other major songwriters have sold part or all of their work for millions of dollars.
While these deals bring financial security to the artist, the rights-holder can profit by building revenue streams for the singer’s music.
Fans react to reported deal
Springsteen fans had a lot to say about the reported $500 million deal between Bruce and Sony Music. Here are some notable reactions:
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