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Bob Dylan’s Catalog Sale Highlights a Tax Advantage for Songwriters
Source:
wsj.com
- Dec 11, 2020
The answer, my friend, is blowin’ in the tax code.
The sale of Bob Dylan’s songwriting catalog to Universal Music Publishing Group, announced this week, likely means he is trading an ongoing income stream for a lump sum now. The price hasn’t been revealed but is said to be between $300 million and $400 million.
Mr. Dylan’s sale is the latest and largest of a spate of similar deals this year that come with significant tax benefits both for the songwriters selling the rights and for the companies buying them, and those incentives are encouraging transactions.
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Category: General Business
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