📺 Stream EntrepreneurTV for Free 📺

Report: Bruce Springsteen to Sell Catalog for $500 Million in Biggest Transaction for an Artist Ever The musician has reportedly inked a lucrative deal with Sony Music.

By Emily Rella

entrepreneur daily

Looks like The Boss was Born to Run straight to the bank with the deal he reportedly just closed on his music catalog.

According to the New York Times, which cited sources familiar with the deal, Bruce Springsteen has closed a deal to sell his entire music catalog to Sony Records for a cool $500 million.

The catalog includes songs Springsteen recorded himself and also wrote as a songwriter, and it would mark the biggest catalog transaction ever for any one single artist.

Springsteen's most recent album, Letter to You, was released in October of 2020 and marks his 20th studio album.

The artist has also released 73 singles, 23 live albums, seven box sets, eight compilation albums and eight extended plays.

He is the seventh-highest-selling male artist of all time in the U.S., sitting directly behind George Strait, who has sold 69 million albums.

According to Celebrity Net Worth, the musician is worth an estimated $650 million and racks up more than $80 million per year when he's touring.

Among his entire discography, he's sold over 65.5 million album copies in the U.S. alone and 150 million records worldwide.

Springsteen has not yet publicly commented on the reported deal.

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.

Editor's Pick

Business News

Passengers Are Now Entitled to a Full Cash Refund for Canceled Flights, 'Significant' Delays

The U.S. Department of Transportation announced new rules for commercial passengers on Wednesday.

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.

Franchise

Franchising Is Not For Everyone. Explore These Lucrative Alternatives to Expand Your Business.

Not every business can be franchised, nor should it. While franchising can be the right growth vehicle for someone with an established brand and proven concept that's ripe for growth, there are other options available for business owners.

Leadership

Why Companies Should Prioritize Emotional Intelligence Training Alongside AI Implementation

Emotional intelligence is just as important as artificial intelligence, and we need it now more than ever.

Business News

Elon Musk Tells Investors Cheaper Tesla Electric Cars Should Arrive Ahead of Schedule

On an earnings call, Musk told shareholders that Tesla could start producing new, affordable electric cars earlier than expected.