NPR (and everyone else) reports that Bob Dylan has sold his entire back catalogue for around 300 million.
The internet was meant to kill record labels. Instead, music streaming has turned (certain) music catalogues into valuable assets with reliable income streams.
For a wonderful series on how changes in the way we listen to music are affecting back catalogues and the music industry’s business model, see “The death of cultural transmission” on Alphaville. Part 2.
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