Rod Stewart sells song rights for almost $100 million. Bob Dylan, Bruce Springsteen and Neil Young have already done it.
Investors value song rights as a worthwhile long-term investment in the age of music streaming. The rights holders receive royalties when the songs are played on the radio or on streaming platforms. The value of Michael Jackson's entire work amounts to $1.2 billion or more, it was reported last week, citing informed circles. The New York Times reported that Sony paid at least $600 million for the portion of the "King of Pop's" works.