Bruce Springsteen, a big American rock singer, has sold the rights to all his songs to a major music company, according to several American media outlets.
The selling price is estimated to be approximately 57 billion yen in Japanese yen.
Bruce Springsteen, a singer known for hits such as "Born in the USA," has the rights to all of his songs, according to several American media outlets. It means that it was sold to Entertainment.
The selling price is about 500 million dollars, which is about 57 billion yen in Japanese yen.
Bob Dylan, a singer-songwriter and Nobel Prize in Literature winner of the Nobel Prize in Literature last year, has sold all of his 600 songs to a music company, selling over $ 300 million in Japan. It was reported that the yen would exceed 30 billion yen.
Local media reports that Springsteen's song sale price could be the highest ever for an artist.
The background to the succession of sales of song rights seems to be the aim of music companies to secure the lineup and originality of songs as the Internet music distribution service continues to expand.