Bob Dylan sold his catalog of songs for $300 Million

[Rich Klein]

Is the number being reported: Here was one of my Facebook friends (we even share the same birthday -- he's older) comment and I thought that was very appropriate for this board as well:

"Those critical of Bob Dylan for "selling out": oh, come on. The man is 79 and has six children. The $300 million takes care of them without the added burden of managing those assets. He's been forced off the road where he makes most of his money. I get it."

The same thing comes to athletes selling their trophies, momentos or other parts of their career. The money goes to kids, and they don't have potential headaches of whom owns what.

Regards
Rich

[timzcardz]

I get it.

I'm a sellout too.

Every year for 40+ years now I've given up 2000+ hours to the man, for a lot less than $300 million!

It's business.

Was he bamboozled into this? I'm guessing not.

[Seven]

Can't blame him. Might as well make some more money off of it and take care of your family.

[riggs336]

$300,000,000 works out to about a half million per song. That actually seems about right to me.

[Mark17]

Smart move.

Anyone calling him a "sellout" is an idiot. It's just an asset - either a catalog that pays residuals over time, or a lump sum. This way he can decide where the money will go. Probably saves a lot of strife and possible lawsuits among the family. And he'll be dead in 20 years, maybe sooner. Take care of business now and have it done.

Bob shows, again, that he's a brilliant and perceptive guy.

[riggs336]

Originally Posted by Mark17

Smart move.

Anyone calling him a "sellout" is an idiot. It's just an asset - either a catalog that pays residuals over time, or a lump sum. This way he can decide where the money will go. Probably saves a lot of strife and possible lawsuits among the family. And he'll be dead in 20 years, maybe sooner. Take care of business now and have it done.

Bob shows, again, that he's a brilliant and perceptive guy.

Agreed. I know nothing of probate law, but one would think bequeathing cash has to be simpler than leaving behind rights to 600 songs (a small few of which have co-writers).

[Peter_Spaeth]

Originally Posted by Mark17

Smart move.

Anyone calling him a "sellout" is an idiot. It's just an asset - either a catalog that pays residuals over time, or a lump sum. This way he can decide where the money will go. Probably saves a lot of strife and possible lawsuits among the family. And he'll be dead in 20 years, maybe sooner. Take care of business now and have it done.

Bob shows, again, that he's a brilliant and perceptive guy.

He not busy being born is busy dyin'. Hopefully it's not dark yet for him, but nonetheless times have changed and he won't be forever young. So it was time for him to head on down to that (30) million dollar bash.