Springsteen Sales His Publishing Catalogue for $500 Million...

We don't know the details, some of that 500 M could be deferred over time, or put in a trust, or some way to avoid a huge tax liabilty.

We see a lot of this happening today, old rockers cashing out. Why not? Bruce may have been the BOSS at one time, but today, a fresh faced teeny hip hopper rules the air waves.

I've always thought he was a pretty smart guy, so I am going to guess he made a smart decision at the right time of his life.

Now, I've got some running in the street to do.

GordonJ

P.S. Also shows how lucrative the Intellectualy Property game is, or can be. IP is one of the great assets we are able to have. It isn't discussed here at WF, but it is a huge marketplace with billions being traded routinely.

At 72 years old probably a very smart move. Bruce will probably buy a few more toys with the change. Still young enough to enjoy it.

If is also a smart move for Sony now they have the rights to the music. Sure the royalties are well worth it.

"Bruce is not the only artists to land that type of contract." https://www.nj.com/entertainment/202...lion-deal.html

Dylan must be kicking himself for selling out for a measly $300m last year.

Mebbe Dylan an' Springsteen should team up like The Avengers an' release myootyooly propulsive cover albums guaranteed to SLAY.

"I'll sing yours if you'll sing mine."

Solid offah for youse 2 morons less'n you gaht bettah plans, huh?

Alternative is ... you flog yusselves to death summonin' the energy for songs you wrote 50 years ago ... or endeavor to persuade noo audiences how psoriasis is a metaphor for perpetyool glory ... or Gahdzilla is actschlly for reals so who cares?

Heartsy up, pump it out, make a mint.

1% is all I ask.

So get on with it, you frickin' klutzes.

Nowan ain't remembahin' nuthin' 'bout tambwoureens & backness of USA for much longah so grab them dollahs while evrywan dootifully pliant sans libertarian strychnine-ass.

Did I say 2%?

Yeah, actschwly Bob & Bruce, the hell are you waitin' for?

Between the both of you, all you gaht is the ear of Obama an' waft of the mange.

Sry, MANGER.

Yeah, bcs it is Christmas.

(If'n it helps, guys, Britney is lookin' way kinda desprit, so you gaht a way potentially exotic threesum gowin here, you wanna ...)

Hey, so I standin' at 5% rn -- less'n the Kiss guy figures wagglin' his tongue could add value to what is turnin' out to be a trooly exotic initiative.

"I'm prepared to have my eyes surgically narrowed to fix myself a place in this exciting adventure," says Ed Sheeran.

"The prospect of either Bruce Springsteen or Bob Dylan grunting my emotions fills me with a combination of excitement and dread," says Lana Del Ray, "though, of course, Dylan is a true gentleman and would never ever grunt ... I'm sorry? ... what do you mean? ... *I'm not part of this project???* ... WHAT PART OF GET THE HELL OUTTA HERE DON'T YOU UNDERSTAND?"

"The estate of Jaques Brel is unavailable for comment. And even if it was, you lame, hip yanks woudn't understand anyway. Naturally, you're destined to make zillions."

Very smart move on his behalf wise cash out , he's 72 and wants to enjoy the rest of his life lavishly .

I say at his age he's done pretty darned well for himself, could be worse he didn't get divorced far as I can tell,

Just for perspective- Elvis Presley sold his back catalog in 1973 to RCA (because he needed the cash for his divorce settlement) - for $5 MILLION DOLLARS!

She's getting hers now...the estate is kicking itself now for the billions they've lost since. And they're still trying to litigate to get royalties for "digital downloads", "Ringtones" etc. (And hence they are learning the meaning of the term "perpetuity".)

That's a great price considering the fact that Springsteen's brand / portfolio reach is somewhere near the bottom of the middle when it comes to nostalgia value