Why Bob Dylan and Others Artists Have Sold Their Music Publishing Catalogs – BBC World News

I went on BBC World News to discuss why the legendary artist and songwriter Bob Dylan sold his publishing catalog to Universal Music Publishing Group (UMPG) for an estimated $300 – $400 million.

Here’s why many artists have recently sold their catalogs to investment funds:

1. streaming data – it’s easier to identify the most valuable songs

2. non-correlated asset – royalties are consistent. people listen to music regardless of economic factors

3. low interest rates – it’s cheaper now to borrow money and acquire catalogs

And 4. the pandemic – some artists are struggling now since they can’t tour. Selling their publishing catalogs helps.

I didn’t mention #4 in the interview cause it’s less relevant for Bob Dylan. He’s rich. But it may be more relevant for others struggling right now.

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