CHATTER AWAY: Overnight Open Thread

The New York Times reports:

Sting has sold his songwriting catalog, including hits with the Police like “Every Breath You Take” and “Every Little Thing She Does Is Magic,” and solo work like “If You Love Somebody Set Them Free,” to the Universal Music Group, in music’s latest blockbuster catalog deal.

The transaction, announced on Thursday by Universal’s music publishing division, the Universal Music Publishing Group, covers Sting’s entire output as a songwriter. Financial terms were not disclosed, but the deal is estimated to be worth around $300 million.

Over the last couple of years, major music conglomerates and Wall Street investors have poured billions of dollars into music deals, driven by the growth of streaming, low interest rates and old-fashioned competition.

Read the full article.

Sting has sold his songwriting catalog, including solo work and hits with the Police like “Every Breath You Take,” to the Universal Music Group. The transaction, estimated to be worth $250 million or more, is music’s latest blockbuster catalog deal. https://t.co/UHsZfe2ZN2

— The New York Times (@nytimes) February 10, 2022