Another day, another big catalogue music deal.
After several months of rumours that a deal was imminent, it was announced this morning (February 10) that Sting has sold his entire catalogue to Universal Music Publishing for more than US$300 million. That’s the number making the rounds, anyway.
I quote from the press release: “[This is an] “historic, comprehensive worldwide agreement for the catalog of one of the most commercially successful and critically-acclaimed songwriters of the last half-century.”
Universal has been the home to Sting and the Police from the beginning, extending through stints on A&M, Interscope, and CherryTree Records.
If that US$300 million number is true, this would be the third-highest amount paid for a songwriter’s work, behind Bruce Springsteen (US$550 million) and Bob Dylan (~US$350-400 million.)