Neil Diamond Becomes Latest to Sell Off Entire Catalog
Neil Diamond has become the latest artist to cash in on a major deal with the sale of his catalog.
Diamond has entered a worldwide agreement with Universal Music Publishing Group (UMPG) with the company saying in a press release the deal includes Diamond’s entire catalog, “including 110 unreleased tracks, an unreleased album and archival long form videos.”
Diamond said in a statement on the deal, “After nearly a decade in business with Universal Music Group (UMG), I am thankful for the trust and respect that we have built together and I feel confident in the knowledge that…the global team at UMG will continue to represent my catalog, and future releases with the same passion and integrity that have always fueled my career.”
The financial terms of the deal were not disclosed, nor have any reported figures surfaced. However, Sting struck a similar deal with UMPG that was announced in early February that was reportedly worth at least $250 million or more.