Paul Simon takes an example from Bob Dylan

The Simon & Garfunkel songwriter and 16-time Grammy winner also sells his author catalog. In his case, Sony Music comes into play.

Art Garfunkel and Paul Simon (right) during a concert in Sydney in October 2016

Paul Simon joins the ranks of established songwriters and sells his author catalog. The rights to texts and compositions from Simon & Garfunkel classics such as “Bridge Over Troubled Water” from 1970, “The Boxer” or “Mrs. Robinson ”and those of works from Simon’s solo career will in future be held by the publishing division of Sony Music, Sony Music Publishing (until recently ATV), as both parties announced on Wednesday evening German time.

“I am delighted that Sony Music Publishing will manage my songs for decades to come,” the 79-year-old 16-time Grammy winner was quoted as saying in the press release. He started his career on the Sony Columbia label, so it feels like a “natural extension” to work with the music company’s publishing division. Sony Music boss Rob Stringer said it was an honor to represent Paul Simon’s publishing catalog. To be entrusted to Simon’s songs and music recordings Stringer described as a “privilege of the highest artistic order for Sony Music”.

From 1964 onwards, Simon & Garfunkel have released five albums and, according to Sony, sold more than 100 million records. As a solo artist, Paul Simon has added 13 albums to date. As the industry magazine “Billboard” reports, the publishing division of Universal Music had previously managed Simon’s author catalog, but the rights were held by the musician. From now on Sony is responsible for texts and compositions as well as for Simon’s rights to his recordings. Sony’s publishing division holds, among other things, the author’s rights to the Beatles songs that Michael Jackson once bought and, for example, to works by Leonard Cohen.

In a row with Shakira, Dylan or Imagine Dragons

Financial details of the agreement between Simon and Sony have not been disclosed. Comparable deals from the recent past make it seem obvious that the purchase price here is also in the three-digit million range. Universal Music Publishing is said to have paid up to $ 400 million for the rights to more than 600 Bob Dylan works. Outside the Americas, the rights are still administered by Sony’s publishing division. The agreement is still valid for “a few years”, Sony declared in the course of the Universal purchase in December of last year. Artists and companies know each other: Dylan’s label partner has been Sony’s Columbia Records for a long time, but that hasn’t stopped the musician from selling the author’s rights to the competition.

Other catalogs recently cost a lot of money: 50 percent of the rights to texts and compositions of 1180 Neil Young songs are said to have been worth up to 150 million dollars to the Hipgnosis fund, which is listed on the London Stock Exchange, while the American publisher Primary Wave, which is supported by Blackrock for 80 percent of the author rights of Fleetwood Mac front woman Stevie Nicks to have spent around 100 million dollars.