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Going for a song: why music legends are lining up to sell their rights

11.12.2020 - 18:42

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Bob Dylan just made more than $300m (£227m) doing it, Dolly Parton says she might do the same while singer-songwriter David Crosby says he is being forced to do it.

Musicians are queuing up for big pay days by selling the publishing rights to their songs, as the streaming boom and industry upheaval wrought by the Covid-19 pandemic redefines the economics of music.

Dylan’s surprise move this week to sell the publishing rights to his 600 songs, from Blowin’ in the Wind to Knockin’ on Heaven’s Door, was described by buyer Universal Music as one of the most-important deals of all time.

It marks the latest peak of what one music industry executive describes as “gold fever” as investors look to cash in on the reliable, and increasingly valuable,.

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