Get All Access for $5/mo

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 Edited by Jessica Thomas

Opinions expressed by Entrepreneur contributors are their own.

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

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

Leadership

Visionaries or Vague Promises? Why Companies Fail Without Leaders Who See Beyond the Bottom Line

Visionary leaders turn bold ideas into lasting impact by building resilience, clarity and future-ready teams.

Marketing

5 Critical Mistakes to Avoid When Giving a Presentation

Are you tired of enduring dull presentations? Over the years, I have compiled a list of common presentation mistakes and how to avoid them. Here are my top five tips.

Science & Technology

5 Automation Strategies Every Small Business Should Follow

It's time we make IT automation work for us: streamline processes, boost efficiency and drive growth with the right tools and strategy.

Business News

Former Steve Jobs Intern Says This Is How He Would Have Approached AI

The former intern is now the CEO of AI and data company DataStax.

Side Hustle

'Hustling Every Day': These Friends Started a Side Hustle With $2,500 Each — It 'Snowballed' to Over $500,000 and Became a Multimillion-Dollar Brand

Paris Emily Nicholson and Saskia Teje Jenkins had a 2020 brainstorm session that led to a lucrative business.

Green Entrepreneur®

How Global Business Leaders Can Build a Sustainable Supply Chain

Businesses can build sustainable supply chains by leveraging technology to reduce environmental impact, optimize resources and track emissions while balancing operational efficiency and sustainability goals.