In a deal estimated to be worth $300 Million, Bob Dylan has sold his full publishing catalog of songs to Universal Music Group. In a surprise move from one of the music's famous songwriters, it's said to be one of the biggest deals made.
The deal only encompasses Dylan's Publishing rights. This includes music and lyrics for of the 600 plus songs he has composed and created since the beginning of his career. What does that mean? It means that any songs that are played on the radio, used in televisions commercials, films etc...the songwriting royalty check that would normally go to Bob Dylan, would instead be going to UMPG. This includes songs that other artists cover from Bob Dylan. Additionally, it's noteworthy to mention that the deal only covers the publishing side, not the recorded music side. Rolling Stone reported that the deal does not cover the master rights to Dylan's recordings-that is, the rights and royalties associated with any of the albums and songs he's released as a performer. Dylan, his management and record company still control unreleased vault recordings.