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Author Topic:  Bob Dylan sells his entire songwriting catalog
Doug Beaumier


From:
Northampton, MA
Post  Posted 7 Dec 2020 8:41 am    
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Universal Music has purchased the rights to all of Bob Dylan's songs, over 600 songs. Price not disclosed, but it has to be several hundred million $...?

---> https://www.nytimes.com/2020/12/07/arts/music/bob-dylan-universal-music.html
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Andy Volk


From:
Boston, MA
Post  Posted 7 Dec 2020 8:47 am    
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Wow! A landmark. Will he use the money from this sale to make his descendants fabulously wealthy or establish some kind of charitable enterprise?

The answer is blowing in the wind.
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Doug Beaumier


From:
Northampton, MA
Post  Posted 7 Dec 2020 8:58 am    
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Who knows, but he's 79 now. I'm surprised he waited this long to cash out.
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Bill McCloskey

 

Post  Posted 7 Dec 2020 9:04 am    
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The paper I read said the price was $300 million.
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Jack Hanson


From:
San Luis Valley, USA
Post  Posted 7 Dec 2020 9:59 am    
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David Zimmerman wanted to spend more time on his and Bobby's golf course in western Hennepin County.
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John Macy

 

From:
Denver, CO/Rockport, TX
Post  Posted 7 Dec 2020 11:20 am    
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It may be some late game estate planning. If he died tomorrow and the IRS valued his catalog at 300 million, his estate would pay a 40% estate tax on 288.3 million dollars. If he sells it as a catalog, he will probably pay a 20% capital gains tax in the 300 and be able to lock the profit into various trusts to protect it. That said, it’s going to be very sad to hear all his songs exploited commercially by the new owners...
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Last edited by John Macy on 7 Dec 2020 11:33 am; edited 1 time in total
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Doug Beaumier


From:
Northampton, MA
Post  Posted 7 Dec 2020 11:31 am    
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Quote:
it’s going to be very sad to here all his songs exploited commercially by the new owners...


Yes, like when Michael Jackson bought most of The Beatles catalog... and we heard "Revolution" played on Nike commercials. That sucked. Lennon must have rolled over in his grave.
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Doug Beaumier


From:
Northampton, MA
Post  Posted 7 Dec 2020 11:36 am    
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I also read that some of Dylan's early songs (60 years old) may become Public Domain soon, which decrease the value of the catalog now. Not sure if the new owners could somehow claim a new copyright.
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Bill McCloskey

 

Post  Posted 7 Dec 2020 11:45 am    
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"hat said, it’s going to be very sad to hear all his songs exploited commercially by the new owners..."

I cringe everytime I hear that awful Rakuten commercial butchering Elton John's Rocket man.

'the answer my friend is blowing in the Wyndham Hotels, the answer is blowing in the Wyndham...."
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Doug Beaumier


From:
Northampton, MA
Post  Posted 7 Dec 2020 12:37 pm    
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Speaking of commercials... In 1995 Microsoft paid the Rolling Stones $3million to use "Start Me Up" for their Windows95 rollout. That would be about $5million in 2020 money. Jagger & Richards were happy to take the money! (and not give up the copyright)
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Bill McCloskey

 

Post  Posted 7 Dec 2020 1:07 pm    
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Lay, Lady, Lay on this Sealy Posturepedic!

The times, they are a charging down to PC Richards!

There is something going on here and you don't know what it is, do you Mr. Jones? Why it is Black Friday savings. Keep up with the Jones at Kmart.
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Jeremy Reeves


From:
Chatham, IL, USA
Post  Posted 7 Dec 2020 1:56 pm    
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rainy day women a jingle for legal weed?
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Doug Beaumier


From:
Northampton, MA
Post  Posted 7 Dec 2020 2:04 pm    
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"Knocking' on Heaven's Door" for funeral homes? Shocked
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Al Evans


From:
Austin, Texas, USA
Post  Posted 7 Dec 2020 2:41 pm    
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If he writes a new song, and it sounds something like one of his old songs (and why wouldn't it?), do they get to sue him for plagiarizing his own self?

--Al Evans
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John Macy

 

From:
Denver, CO/Rockport, TX
Post  Posted 7 Dec 2020 2:45 pm    
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John Fogerty got sued for plagiarism of himself....
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Brooks Montgomery


From:
Idaho, USA
Post  Posted 7 Dec 2020 3:41 pm    
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Everything's inflated
Like a tire on a car
Everything's inflated
Like a tire on a car
Well, the man came and took my Chevy back
I'm glad I hid my old guitar
-R. Zimmerman
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Tony Prior


From:
Charlotte NC..
Post  Posted 9 Dec 2020 2:17 am    
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smart move by BD. Sell HIGH before they are worth nothing.

How many of the new generations who journey thru life on an IPHONE even know who BD is ? THEY are the ones who will be deciding which music is good or not good in the upcoming years.

Smart move by BD, he gets the cash NOW and he can still brag that he wrote those 600 + songs. Call it advance royalties ! Very Happy
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Joachim Kettner


From:
Germany
Post  Posted 9 Dec 2020 2:45 am    
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I shall be released.
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Ake Banksell


From:
Stockholm, Sweden
Post  Posted 9 Dec 2020 8:36 am    
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I agree and I feel he was very smart Bob.
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Doug Beaumier


From:
Northampton, MA
Post  Posted 9 Dec 2020 9:04 am    
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Good news: Universal cannot lease use of Dylan’s own recordings of the songs without his permission. So we won’t be hearing those classic recordings in McDonalds or Walmart commercials, unless old Bob allows it.

Quote:
The sale gives Universal the right, in perpetuity, to lease use of Dylan’s compositions to advertisers and movie, television or video game producers, or anyone who thinks his words and melodies could enhance their product.”

Despite the sale, Dylan does not lose total control over his work... The Universal deal does not include rights to Dylan’s own recordings of his material, so if Universal is approached to use Dylan’s recording of “Lay Lady Lay,” for example, that would have to be cleared by the artist.

——> https://apnews.com/article/bob-dylan-music-catalog-umg-7748e53ffd61e8fe6652a1b6af82ed20
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Ake Banksell


From:
Stockholm, Sweden
Post  Posted 9 Dec 2020 2:58 pm    
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I agree and I feel he was very smart Bob.
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