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One of the hardest-working entertainers in showbusiness, he built up a fearsome reputation for his sweat-drenched, hours-long concerts - and, somewhat unexpectedly, became one of the breakout stars of the MTV generation, with videos for songs like 'Hungry Heart' and 'Dancing In The Dark' on heavy rotation alongside hits by Madonna, Michael Jackson and Prince. Greeted by rapturous reviews, it sold 9 million copies and saw Springsteen achieve the rare feat of appearing on the covers of Time and Newsweek magazine in the same week. Springsteen's commercial breakthrough came the following year, with the hit album 'Born To Run', trailed by its ambitious, wall-of-sound title track. His reputation was cemented in 1974, when music critic Jon Landau reviewed one of his shows with The E Street Band in Boston. It remains a neat encapsulation of his style, and a key to understanding his broad appeal - although he's frequently, and successfully, experimented outside those constraints. Springsteen is one of the most successful rock musicians of all time, and has recorded for Sony's Columbia Records imprint for the duration of his career.īorn and raised in New Jersey, he once said he intended to make an album with words like Bob Dylan that sounded like Phil Spector where he sang like Roy Orbison. Springsteen's deal would be the most expensive so far, if the numbers reported by music industry bible Billboard are correct. That included a multi-million dollar deal to obtain the rights to Paul Simon's back catalogue.
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The deals provide immediate financial security to the artists and their estates, while the rights-holders hope to profit by building new revenue streams for the music via film and TV licensing, merchandise, cover versions and performance royalties.Īt an investor relations meeting in May, Sony Music's chief executive, Rob Stringer, said the company had spent $1.4 billion in acquisitions over the previous six months. Warner Music bought the worldwide rights to Bowie's music in September, and Dylan sold his catalogue of more than 600 songs in December last year to Universal Music Group at a purchase price widely reported as $300 million.
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His deal follows similar sales by Bob Dylan, Blondie and David Bowie.
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The deal gives Sony ownership of his 20 studio albums, including classics like 'Born To Run', 'The River' and 'Born In The USA', according to multiple US reports, according to bbc.com.Ī 20-time Grammy winner, Springsteen's music generated about $15 million in revenue last year. Rock legend Bruce Springsteen has sold the master recordings and publishing rights for his life's work to Sony for a reported $500 million.