Paul Simon has sold his entire catalog of songs to Sony Music Publishing, and a group of older musicians make money from their lives.
Sony Music Publishing Co. said on Wednesday that the deal includes classic songs that Simon wrote and recorded during his ten-year career, from “The Bridge on the Flowing Water” to “Still Crazy These Years.”
The value of the transaction was not disclosed.
Simon, 79, is a 16-time Grammy Award winner. He announced his withdrawal from the tour in 2018. He said in a statement that he was “happy that Sony Music Publishing has become the custodian of my songs for decades to come.”
This transaction is the latest in a series of catalog transactions that include Bob Dylan, Stevie Nicks, Neil Young and Carol. Music by Carole Bayer Sager.
Dylan sold his record catalog of more than 600 songs to Universal Music Group in December for a reported purchase price of US$300 million. London-based Hipgnosis snapped up other songs, attributed to the surge in music streaming, especially during the coronavirus pandemic that canceled concerts and music festivals.
Companies can get royalties from songs they license to use in film, advertising, and brand transactions.
Simon started his career with his childhood friend Art Garfunkel in the late 1950s as a folk singer. Before the two broke up, a series of hits from the 1960s, including “Mrs. Robinson,” “The Voice of Silence,” and “The Boxer.” Simon started his personal career and produced many hit albums and songs, including “50 Ways to Lose Lovers” and “Elegantly”.
John Platt, chairman of Sony Music Publishing, said in an interview: “From Simon and Garfunkel standards (such as “Water Bridge” to “Graceland”) Such classical music, Paul Simon’s music as a cultural touchstone for people all over the world, has aroused deep resonance.) A statement.