Famous American performer Bruce Springsteen sold his entire catalog of his works to the music division of Sony.
According to the New York Times, the deal could exceed half a billion dollars. Thus, it will become the most expensive musical contract in history.
The current record belongs to Bob Dylan, who sold the rights to all of his songs for $ 300 million. The copyrights of Paul Simon were acquired for $ 250 million, Neil Young for $ 150, and the Red Hot Chili Peppers for $ 140 million.
The 72-year-old Springsteen rose to fame in the mid-80s after the release of the record Born in the USA Musician in 1994 received the Golden Globe Awards and 'Oscar' for the soundtrack Streets of Philadelphia for Jonathan Demme's film Philadelphia (1993).