The Universal Music group has purchased the rights to the entire catalog of Bob Dylan songs, one of the most significant acquisitions in music history, he said in a statement Monday.
The agreement covers over 600 songs, including the most famous from the only singer to ever receive the Nobel Prize for Literature (2016), such as Blowin ‘In the Wind, The Times They are a-Chaning or Like a Rolling Stone. The record company did not immediately specify the amount of this acquisition.
It also incorporates his most recent songs, such as Murder Most Foul , 17-minute poem song about the assassination of John F. Kennedy.
The record company did not immediately say the amount of the acquisition. According to New York Times, it could exceed 300 million dollars.
“It’s no secret that the art of songwriting is a fundamental key to all great music, and it’s no secret that Bob is one of the greatest masters of the art, either,” Universal Music Group President Lucian Grainge said in a statement.
“It’s no exaggeration to say that his awe-inspiring work has captured the love and admiration of billions of people around the world. I have no doubt that for decades, if not centuries, the music of Bob Dylan will continue to be sung and performed – and cherished – everywhere, ”added Mr. Grainge.
At 79, Bob Dylan, born Robert Zimmerman, who debuted in Greenwich Village in the early 1960s, has sold more than 125 million albums and continued to perform regularly before the pandemic.
In June he released his first album of original songs in eight years, Rough and Rowdy Ways – including Murder Most Foul – 58 years after his first opus.