Neil Diamond sells his entire song catalog and all major recordings to Universal

2022 is shaping up to be a blockbuster year for portfolio acquisitions.

Today (February 28), let’s find out that Universal Music Group acquired the entire catalog of songs by renowned artist and songwriter Neil Diamond (through Universal Music Publishing Group), as well as the rights to all the recordings during his career.

The deal includes visits like Sweet Caroline, red wine red, Lonely man, Cracklin’ Rosie, Green song, Love on the rock and America, and the catalog also includes 110 unreleased songs, one unreleased album and archived long videos.

UMG’s latest catalog deal comes just over two weeks after Sting sold his entire song portfolio to Universal UMPG’s publishing division in a deal where an industry source said MBW hit a final north acquisition fee of $300 million.

UMG has not disclosed the price of the deal with Neil Diamond.

The music company notes that its “comprehensive global agreement” with Diamond unifies music recorded by artists and musicians and published at its “permanent home at Universal Music Group”.

Diamond has sold more than 130 million albums over the past half century.

The deal builds on UMPG’s existing relationship with Diamond, as the company has been his publishing administrator since 2014.

In addition, UMG said that their deal with Diamond “forged a professional return home,” combining Bang’s early recordings and post-1972 recordings with those he made. recorded exclusively with UMG’s MCA Records from 1968 to 1972, a period during which he released hits such as Sweet Caroline, Holly Holy, and those at the top of the chart Cracklin ‘Rosie and Green song.

Since 2013, Diamond has enjoyed what Universal calls “an effective recording and licensing agreement” with UMG for non-MCA recordings through Capitol Music Group division and Universal Music Enterprises (UMe), a three-album production relationship.

Under the new deal, which includes previously unreleased songs, UMG will also record and release Diamond’s future music, should he ever decide to return to the studio.

Diamond’s accolades, among others, include a Grammy, a Golden Globe, a Kennedy Center Honors, and a AS SOON AS POSSIBLE Television Music and Film Awards, as well as inductees into both the Composers Hall of Fame and the Rock & Roll Hall of Fame.

His songs were covered by Johnny Cash Lonely manUB40 perform red wine red, Frank Sinatra sings sweet Caroline, Andrea Bocelli’s reinterpretation of September Morn equal Sara ‘SettembreThe Monkees’ signature I am a believer and Barbra Streisand sing You don’t bring me flowers – happened to be Diamond’s classmate at Erasmus Hall High School in Brooklyn.

His music has been used to make soundtracks for some of the most popular TV series & Movies of all time, from The Simpsons, Friend, Robot Mr. and The Big Bang Theory arrive Donnie Brasco, Once upon a time in Hollywood and urged Overkill’s performance of Girl You’ll Be a Woman Soontaken from Tarantino’s Pulp Fictionand of course starred in his turn in 1980, with the lead role in Jazz singer.

By acquiring Diamond’s entire catalog, all original music and unreleased concert videos – and through ongoing collaboration with the artist himself – UMG says it “identifies that new audiences and developing will remember this unparalleled singer and his music for generations to come.”

Neil Diamond was represented in the transaction by Gene Salomon from Gang, Tire, Ramer, Brown & Passman, Inc. and his manager is Katie Diamond.

“After almost a decade of doing business with UMG, I thank you for the trust and respect we have built together.”

Neil Diamond

In making the announcement, Neil Diamond said: “After almost a decade of doing business with UMG, I thank you for the trust and respect we’ve built together, and I feel confident in your understanding. Lucian, Jody, Bruce, Michelle and the global team at UMG, will continue to represent my portfolio and future releases with the same passion and integrity that have always fueled my career. ”

“Through our current partnership, we are honored to have him trusted to be the permanent custodian of his massive musical legacy.”

Sir Lucian Grainge

Sir Lucian Grainge, President and CEO of Universal Music Group, said: “By definition, Neil Diamond is a true popular musician.

“His huge book of songs and recordings includes some of the most beloved and enduring songs in music history.

“Through our current partnership, we are honored to have him trusted to be the permanent custodian of his massive musical legacy.”

“A legendary artist and songwriter, Neil’s music demonstrates how truly great songs have the power to last and stand the test of time.”

Jody Gerson, UMPG

Jody Gerson, President and CEO of UMPG, added: “As a legendary artist and songwriter, Neil’s music proves that truly great songs have the power to live and last. with time like.

“With this acquisition, in which UMPG COO Marc Cimino played an invaluable role, our global teams across Universal Music will work together to ensure that all of the hits are timeless. his like Sweet Caroline, red wine red and Cracklin ‘Rosie will continue to impact generations of fans, both current and future. ”

“Throughout his stellar career, Neil Diamond has created one of the greatest record catalogs in pop history.”

Bruce Resnikoff, Universal Music Enterprises and Michelle Jubelirer, Capitol Music Group

Speaking during the announcement, Bruce Resnikoff, President and CEO, Universal Music Enterprises (UMe) and Michelle Jubelirer, President and CEO, Capitol Music Group, jointly said: “Through a career, By his measure, Neil Diamond has created one of the greatest record catalogs in pop music history.

“To be able to show it in its entirety is an honor and a thrill and the entire Universal Music team looks forward to perpetuating his iconic legacy.”

The Neil Diamond and Sting deals carried out by UMG this month are part of an ongoing trend at the three major music labels, which have been hitting big money catalog deals since December 2020, when Universal buying publishing rights to Bob Dylan’s catalog of works. The acquisition is one of the largest acquisitions in the company’s history.

Three months later, in March 2021, Paul Simon sold his song catalog arrive Sony Music Publishing (SMP).

SMP also became a repository of Bruce Springsteen’s song catalog last year, in December 2021, when Sony Music Group acquire two sets of rights – both recording and publishing music – covering the entire Springsteen catalog, in an agreement worth about $550 million.

This trend continue last month (January 2022), with Warner Music Group buying David Bowie song catalog with over $250 million, and Sony Music Entertainment repurchase Bob Dylan’s Portfolio tracks recorded in a deal that sources say is worth $150 million.

Meanwhile, last week we learned that financial giant BlackRock (not to be confused with Blackstone supports Hipgnosis) Yes co-investment with Warner Music Group in a new $750 million fund to buy shares in music rights.

Of course, the three majors also have other competition, in the form of various acquirers with chariot chests operating in the music acquisition market, including the likes of Main wave, Hipgnosis, KKR, Breaker of the wayand Spirit Music Group, just last week acquired the masters of Jason Aldean in a deal, MBW understands that Spirit has spent more than 100 million USD.

MBW estimate that at least $5 billion has been spent on acquiring music rights by 2021.Worldwide music business Neil Diamond sells his entire song catalog and all major recordings to Universal

Fry Electronics Team

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