No touring means no touring income, musical artists are very resourceful and working with what they have.
The music catalog has always been a big ticket item that will guarantee a big check in return.
It seems to be a trend with the high profile artists, producers, and song writers.
Why are artist and songwriters selling? That’s the big question.
Sony Music Publishing announced Wednesday that it has acquired Simon’s catalog, which includes six decades of music, from his time in Simon & Garfunkel to his solo career.
Financial details of the deal have not been released yet.
Several celebrities like Bob Dylan and Shakira recently sold their full catalogs, while Stevie Nicks sold a majority of her catalog and Neil Young sold 50% of his.
Simon has won 16 Grammy Awards. His well-known songs include “Bridge Over Troubled Water,” “The Boxer,” “The Sound of Silence,” “Mrs. Robinson” and “Homeward Bound.”
Sony Music Publishing also represents catalogs by Motown, Michael Jackson, The Beatles and Carol King.