Sting has sold his catalog of more than 600 songs for $300 million to Universal Music. The deal gives the label the rights to all of his work, including “Every Breath You Take," as well as all future royalties.

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Sting Sells Entire Songwriting Catalog to Universal Music for $300 Million

Those guys sting and now skip into the bank that after he sold his songwriting catalog to Universal Music. This is a deal worth an estimated $300 million. This agreement covers both the copyrights for his more than 600 songs and his royalties as a songwriter as well. So that effectively means universal going to receive all future music publishing income from sting over the last couple of years, a lot of record labels and Wall Street investors pouring billions of dollars into music deals. In december, Sony purchased Bruce Springsteen's entire catalog that covers both his songwriting and his recorded music that came in at about 550 million john legend sold his entire music catalog earlier in the year as well. And this, by the way, also includes that amazing song, every breath you take because in 2019 B. M. I said that that song was the most performed song in its entire catalog, 14 million pieces essentially that they got in terms of money that from just that song alone. So you're adding 600 more songs from Stings catalog to this. But the the thing that's the most interesting here is taylor swift aside in all of this, you're seeing older artists who are realizing they're not making tons of money off of streaming, they're probably getting pennies on a lot of this. And if they're not going out and doing tons of tours, why not make the most amount of money that you can from your catalog as much as you possibly can now. So that way down the road, who knows if those rights for those songs, if you're only getting a couple of pennies per play, maybe time now is to make the deal right now, which is why you're seeing every major artist that is older, do that right now.