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Bruce Springsteen reportedly sells music rights to Sony for $500 million

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Bruce Springsteen has sold his music rights to Sony Music for at least $500 million, according to reports.Billboard reported last month that Springsteen was in talks to sell his recordings catalogue to Sony, and that he was also shopping his publishing catalogue around too.

Sony seemingly put in a high bid in order to secure both, taking full control of his more than 300 songs and 20 studio albums.For Sony, this is a return of many of those master rights.

Springsteen has worked with the major’s Columbia label for his entire career, but took control of the rights in his recordings as part of a contract renegotiation during the CD boom.

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