Bruce Springsteen leads ageing rockers in race to cash in music rights – – DC Initiative on Racial Equity
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Bruce Springsteen fans treated to a special New York set last month were unaware of the career-defining moment taking place off stage.

Just a day after he joined Steve Earle and The Dukes for a charity performance, The Boss unveiled a $500m ($369m) music rights sale that cemented his place in rock’s hall of fame. 

By offloading his master recordings and publishing rights to Sony Music, the singer behind era-defining albums such as Born to Run and The River sealed the largest ever sale of one artist’s work. 

For those inside the music industry, the transaction will have come as no surprise. It was simply the latest in a welter of deals for artist and producer royalties that helped the value of music mergers and acquisitions reach record heights in 2021.

Nearly $13bn (£10bn) was spent last year, up from $5bn in 2020 according to data from MIDiA Research, with the boom expected to continue as private equity and pension funds pile in. 

The huge deals are an example of supply and demand working in perfect harmony. Music investment funds eager to transform the hits of yesteryear into a new asset class have been prowlin

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