What Does The Bruce Springsteen Song Catalogue Sale To Sony Mean For The Music Industry As A Whole? Are We Witnessing A Top?

Sony Music Is Acquiring Bruce Springsteen’s Entire Catalogue For An Astounding $500 Million!

What Does The Bruce Springsteen Song Catalogue Sale To Sony Mean For The Music Industry As A Whole? Are We Witnessing A Top? With the news of Bruce Springsteen’s massive deal with Sony, many wonder where the music industry heads from here?

Over the last decade we have seen multiples skyrocket as Spotify and other streaming platforms grew the overall music market and increased rights holder’s profitability.

But now with reports that Sony has just spent half a billion dollars on Bruce Springsteen, analysts wonder if we are seeing a market top in the music cycle?
Billboard reported “In what may be the biggest deal in music for an individual body of work, Bruce Springsteen has sold his masters to Sony Music and his music publishing to Sony Music Publishing in a combined deal that sources tell Billboard is in the area of $500 million.”

Recently we have seen Reservoir Media go public in a very richly valued deal. One that was priced at over $700m and now that stock has fallen by over 20%. Furthermore, Spotify stock has fallen by nearly 30% as well this year.

The biggest loser in the music industry in 2021 by far has been the Tencent Music Entertainment Group whose stock has fallen by about 80% with a gigantic sell off in the entire Chinese stock market. Of course, the Chinese market has not fallen anywhere near these amounts.

Lastly, we will see what 2022 brings the music industry!

Trading and Investing – Rebellion Research

What Does The Bruce Springsteen Song Catalogue Sale To Sony Mean For The Music Industry As A Whole? Are We Witnessing A Top?