Common didn’t disclose a value for the deal, although Dylan’s songs are price greater than $200m, say folks conversant in the phrases.

Common Music Group is buying Bob Dylan’s total music catalog, a set that spans six many years and contains lots of the most iconic tracks in music historical past.

Common didn’t disclose a value for the deal, although Dylan’s songs are price greater than $200 million, in keeping with folks conversant in the phrases. The gathering encompasses 600 works, from early-’60s songs equivalent to “Blowin’ within the Wind” and “The Instances They Are a-Changin’” to an album launched simply this yr, “Tough and Rowdy Methods.”

Dylan, 79, is cashing in on the increase in music rights. The worth of songs and recordings has skyrocketed in recent times due to streaming, which has fueled a five-year enlargement for the music business after a deep hunch. He isn’t promoting the recordings, that are a separate asset.

“It’s no exaggeration to say that his huge physique of labor has captured the love and admiration of billions of individuals all world wide,” Common Chief Govt Officer Lucian Grainge mentioned in an announcement. “I’ve little question that many years, even centuries from now, the phrases and music of Bob Dylan will proceed to be sung and performed — and cherished — all over the place.”

Tune rights, represented by music publishers, don’t often fetch as a lot cash as recordings. However they could be a extra dependable income. Songs can be utilized to earn cash in a wide range of methods, together with radio play, promoting and film licensing — in contrast with the often-fleeting burst of gross sales from a new report.

Simply final week, Stevie Nicks bought a majority stake in her songwriting that valued the catalog at about $100 million.

Dylan has by no means written pop songs — no Dylan music has ever topped the important thing Billboard charts — however few songwriters can declare a deeper catalog. In 2004, Rolling Stone included 15 of his works on its listing of the best songs of all time, and positioned “Like a Rolling Stone” on the very high. Solely the Beatles earned extra spots on the listing.

Dylan surged onto the scene within the early Nineteen Sixties as a people poet and wrote songs talking out in opposition to the conflict in Vietnam. His transition to electrical guitar and extra of a rock sound in the course of that decade alienated a few of his most ardent followers, but in addition led to a few of his greatest work, together with “Freeway 61 Revisited” and “Blonde on Blonde.”

The deal strengthens Common Music Group because it prepares for an preliminary public providing subsequent yr. With its latest offers for Taylor Swift and Dylan, Common has added works from two of essentially the most profitable songwriters in music historical past.