Paul Simon is the latest music legend to capitalize on the publishing rights to his entire song list. The prolific singer-songwriter, whose biggest hits include “Bridge Over Trouble Water,” “Mrs. Robinson” (from the film “The Graduate”), and “Call Me Al”, received an unrestricted windfall for her rights. Based on comparable recent sales and the size of the catalog, it may assume that it was in the range of $ 100 – $ 300 million.
As you may already know, many of Simon’s famous songs were recorded back in his days as part of the folk duo Simon & Garfunkel, all of whom reportedly are involved in the deal because he was the primary in the pair. Was a songwriter.
In a press statement, Simon says the deal represents a closed circle for his career:
“I am pleased to be Sony Music Publishing’s patron of my songs for decades to come. I began my career at Columbia / Sony Records and it seems like a natural extension to work side-by-side with the publishing side. “
Simon does not mention exactly how much the deal was, and the terms are publicly unknown. But with deals such as Bob Dylan, Ryan Tedder, and Stevie Nick being done in the nine-figure range, it’s a safe bet that Simon came out very well in the deal.
According to an estimate by experts from Billboard magazine, Simon’s music consistently totaled $ 1 million, “Music Publishing Performance and Mechanical Revenue from Streams, Sales and Radio Play,” last year and its recorded music contract (as separately). I am earning continuously. His publishing rights) will also remain on Sony.
John Platt is the chairman and CEO of Sony Music Publishing, and he says of Paul Simon’s new deal:
“Paul Simon is an outstanding, one-time lyricist whose remarkable body of work has produced a lasting impact on our culture and consciousness. Paul Simon’s music deepens as a cultural touchstone for people around the world.” Echoes. The indelible songs are an incredible honor for Sony Music Publishing, so with tremendous pride, I welcome Paul to our family! “
Simon’s publishing catalog was previously administered by Universal Music in an agreement in which Simon retained ownership of his copyright. But now, Sony is everything free and clear.