Ending Soon! Save 33% on All Access

Neil Diamond Joins Springsteen, Dylan and Others in Landmark Deal to Sell Entire Music Catalog The iconic songwriter's multi-decade collection will now belong to Universal Music Group.

By Emily Rella

Scott Dudelson | Getty Images

A number of legacy artists have made headlines of late for selling their catalogs in blockbuster deals worth hundreds of millions. The latest to hand over their reigns and rights is legendary artist Neil Diamond, who announced a deal this week to sell his collected works to Universal Music Group (UMG).

The landmark agreement includes transfers of rights to all of Diamond's song and master recordings (including 32 studio albums and eight live albums), as well as an additional 110 unreleased tracks and an unreleased album.

Related: Bob Dylan's Entire Music Catalog Sold for Estimated $200 Million

UMG will also retain the rights to release any future music that Diamond should record. "Neil Diamond is by definition, a truly universal songwriter. His immense songbook and recordings encompass some of the most cherished and enduring songs in music history," said UMG CEO and chairman, Sir Lucian Grainge, in a statement to Billboard. "Through our existing partnership, we are honored to have earned his trust to become the permanent custodians of his monumental musical legacy."

As Grainge's comment suggests, this isn't the first time UMG has had an ownership stake in Diamond's output. He was signed to MCA Records between 1968 and 1972, and MCA would eventually come under UMG ownership decades later. The latest deal seeks to take all of Diamond's released, unreleased and future recordings and put them in one singular home.

"After nearly a decade in business with UMG, I am thankful for the trust and respect that we have built together, and I feel confident in the knowledge that Lucian, Jody (Gerson, chairman and CEO of UMPG), Bruce (Resnikoff, president and CEO, Universal Music Enterprises), Michelle (Jubelirer, chair and CEO, Capitol Music Group) and the global team at UMG, will continue to represent my catalogue and future releases with the same passion and integrity that have always fueled my career," Diamond said in a statement.

Related: Bruce Springsteen to Sell Catalog for $500 Million in Biggest Transaction for an Artist Ever

No monetary value was disclosed in the announcement of the deal.

Diamond joins other legendary artists like Bob Dylan and Bruce Springsteen, who each sold their music catalogs several months ago for an estimated $200 million and $500 million, respectively.

Emily Rella

Entrepreneur Staff

Senior News Writer

Emily Rella is a Senior News Writer at Entrepreneur.com. Previously, she was an editor at Verizon Media. Her coverage spans features, business, lifestyle, tech, entertainment, and lifestyle. She is a 2015 graduate of Boston College and a Ridgefield, CT native. Find her on Twitter at @EmilyKRella.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Business News

TikTok Reportedly Laid Off a 'Large Percentage' of Employees as the App's Fate in the U.S. Remains Unclear

Laid-off TikTok employees were notified Wednesday night through Thursday morning.

Business News

More People Are Exploring Entrepreneurship Because of This Unexpected Reason

More new business applications were filed in 2023 than in any other year so far.


8 Subtle Hints that People Don't Respect You — and How to Fix Them

While you have to earn respect, you don't have to deal with disrespect in the meantime.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Business News

Four Seasons Orlando Responds to Viral TikTok: 'There's Something Here For All Ages'

The video has amassed over 45.4 million views on TikTok.