This guy's sting and now skip into the bank that after he sold his songwriting catalog to Universal Music. This is a deal worth an estimated $300 million. This agreement covers both the copyrights for his more than 600 songs and his royalties as a songwriter as well. So that effectively means universal gonna receive all future music publishing income from sting. Over the last couple of years, a lot of record labels and Wall Street investors pouring billions of dollars into music deals In december, Sony purchased Bruce Springsteen's entire catalog that covers both his songwriting and his recorded music that came in at about 550 million john legend sold his entire music catalog earlier in the year as well. And this, by the way, also includes that amazing song, every breath you take because in 2019 B. M. I said that that song was the most performed song in its entire catalog, 14 million pieces essentially that they got in terms of money that from just that song alone. So you're adding 600 more songs from Stings catalog to this. But the the thing that's the most interesting here is taylor swept aside in all of this. You're seeing older artists who are realizing they're not making tons of money off of streaming, they're probably getting pennies on a lot of this. And if they're not going out and doing tons of tours, why not make the most amount of money that you can from your catalog as much as you possibly can now. So that way down the road, who knows if those rights for those songs, if you're only getting a couple of pennies per play, maybe the time now is to make the deal right now, which is why you're seeing every major artist that is older, do that right now.
Sting latest artist to sell music catalog
Updated: 9:17 PM EST Feb 10, 2022
Sting is selling his music catalog, including hits he made with the Police and as a solo artist, joining a chorus of stars who are cashing in with investors who see value in licensing their songs.Universal said Thursday that its music-publishing arm bought the catalog, including "Every Breath You Take," "Roxanne" and "Fields of Gold." Financial terms were not disclosed.In recent months, Bob Dylan, Bruce Springsteen, Paul Simon, Stevie Nicks, Neil Young and others who sold millions of albums to Baby Boomers have sold their recordings, songwriting catalogs or both. Buyers typically get the permanent right to use the artist's songs or recordings in commercials, movies, television shows and other formats.Prices are rarely disclosed, but music industry experts put Springsteen's sale to Sony Music Entertainment in December at $550 million and Dylan's deal the same month with Universal Music Publishing Group at between $300 million and $500 million.Sting, whose real name is Gordon Sumner, helped form the Police in London in the 1970s as its lead singer, songwriter and bass guitar player. The band combined new wave rock, reggae and jazz, and was inducted into The Rock and Roll Hall of Fame in 2003. Between his work with the group and as a solo artist, Sting has won 17 Grammy awards and numerous other honors. Universal said he has sold more than 100 million albums. In 2019, music-licensing agency BMI said "Every Breath You Take" had surpassed "You've Lost That Loving Feeling" to become the most-played song in its catalog.Sting still performs live concerts and has acted in more than a dozen movies.In a statement issued by Universal Music Group, Sting said he wants his work used to connect with longtime fans in new ways and "to introduce my songs to new audiences, musicians and generations."
Sting is selling his music catalog, including hits he made with the Police and as a solo artist, joining a chorus of stars who are cashing in with investors who see value in licensing their songs.
Universal said Thursday that its music-publishing arm bought the catalog, including "Every Breath You Take," "Roxanne" and "Fields of Gold." Financial terms were not disclosed.
In recent months, Bob Dylan, Bruce Springsteen, Paul Simon, Stevie Nicks, Neil Young and others who sold millions of albums to Baby Boomers have sold their recordings, songwriting catalogs or both. Buyers typically get the permanent right to use the artist's songs or recordings in commercials, movies, television shows and other formats.
Prices are rarely disclosed, but music industry experts put Springsteen's sale to Sony Music Entertainment in December at $550 million and Dylan's deal the same month with Universal Music Publishing Group at between $300 million and $500 million.
Sting, whose real name is Gordon Sumner, helped form the Police in London in the 1970s as its lead singer, songwriter and bass guitar player. The band combined new wave rock, reggae and jazz, and was inducted into The Rock and Roll Hall of Fame in 2003.
Between his work with the group and as a solo artist, Sting has won 17 Grammy awards and numerous other honors. Universal said he has sold more than 100 million albums. In 2019, music-licensing agency BMI said "Every Breath You Take" had surpassed "You've Lost That Loving Feeling" to become the most-played song in its catalog.
Sting still performs live concerts and has acted in more than a dozen movies.
In a statement issued by Universal Music Group, Sting said he wants his work used to connect with longtime fans in new ways and "to introduce my songs to new audiences, musicians and generations."
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