Sting sells his entire catalog of music which includes hits he recorded in his band the Police in addition to his solo artist. being among a host of stars making money from investors who see the value in licensing their music.
Universal announced Thursday that its division for music publishing purchased the catalog, which includes “Every Breath You Take,” “Roxanne” and “Fields of Gold.” The financial details were not made public.
Recently, Bob Dylan, Bruce Springsteen, Paul Simon, Stevie Nicks, Neil Young and other artists who have recorded millions of records to Baby Boomers have sold their songs, albums or both. The buyers typically have the permission to make use of the songs of the artist or recordings in commercials TV shows, films and in other formats.
Price information is not often revealed, however music experts estimate that Springsteen’s deal for Sony Music Entertainment in December at $550 million, and Dylan’s deal that same month to Universal Music Publishing Group at between $300 million to $500 million.
Sting who’s true name was Gordon Sumner, helped form the Police in London in the 1970s as the lead singer, songwriter , and bass guitarist. The group merged reggae, new wave rock and jazz. They were admitted into The Rock and Roll Hall of Fame in 2003.
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Between his time in the group and as solo performer, Sting has won 17 Grammy awards, as well as numerous other awards. Universal stated that he’s released more than 100million albums. In the year 2019, the music licensing agency BMI announced that “Every Breath You Take” was a step ahead of “You’ve Lost That Loving Feeling” to become the most played track in its catalog.
Sting still gives live performances and has appeared in over twelve films.
In a statement in a statement issued by Universal Music Group, Sting declared that he’d like to see his work utilized to reach out to long-time supporters in more innovative ways, and “to introduce my songs to new audiences, musicians and generations.”
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