While Springsteen has been with Sony Music’s Columbia Records since he first signed with the label in 1972, he acquired the rights to his music as part of a contract renegotiation at some point in his career; such moves are rarely reported but become evident in the fine print on a release.
Springsteen has been with Sony Music’s Columbia Records since 1972, when he first signed with the label. While it’s not common pratice, the singer acquired the rights to his music in a contract negotiation.
The album catalogue is nearing completion but the negotiations for the publishing catalog remains open, according to Variety.
Variety estimates that Springsteen’s album catalogue is valued between $145 million and $190 million.
While song catalogues are not only valuable monetarily, but sentimentally, they are often hard to manage for the average family member or heir.
It is estimated that Springsteen’s earnings from the deal could range from $330 million to $415 million.