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Added on the 05/11/2015 15:27:11 - Copyright : Reuters EN
Modigliani painting called 'Nu couche' sells for $170 million, second-highest price ever paid at art auction. Roselle Chen reports.
Modigliani painting called 'Nu couche' sells for $170 million, second-highest price ever paid at art auction. Roselle Chen reports.
On Monday, Bob Dylan has sold his entire songwriting catalogue of more than 600 songs to Universal Music Publishing Group (UPMG). UMPG didn't disclose how much it paid. The NY Times estimated that UPMG paid more than $300 million. Business Insider reports that this is biggest-ever publishing acquisition for a single act. Dylan has sold more than 125 million records. The deal sees Dylan sells rights to all songs in his catalog, including his songwriter income and control of copyright.
Primary Wave has acquired a majority stake in Stevie Nicks' songwriting catalog. Business Insider reports that Nicks sold 80% of her songwriting catalog in a deal valued around $100 million. Thanks to TikTok Nicks' song "Dreams" reentered Billboard charts after a viral trend, 43 years after the song's release as a single.
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