THE BOSS may once have told Rosalita's father that a record company had given him a big advance in an attempt to win a date - but Bruce Springsteen may be set for a far bigger payday.
The music icon is set to sell his recorded catalogue to Sony Music for a whopping $350m (£256.5m).
The deal would span decades of albums, including Born In The U.S.A., Born to Run and The Rising.
Sources close to the singersongwriter claim that he plans to sell both the publishing and recorded masters, echoing the ongoing trend of huge artists cashing in on their hits to combat the rise of streaming platforms like Spotify and Apple Music.
In 2019, Bob Dylan sold his entire songwriting collection to Universal Music for a reported $400m. Stevie Nicks and Shakira also signed their music away in 2020.
Springsteen joined Columbia Records back in 1972, and the label were subsequently bought by Sony Music. Springsteen has not yet commented on the matter, first reported by Variety in the US, but insiders say an agreement is "close."
(c) 2021 City A.M., source Newspaper