According to the outlet, the deal includes Dylan’s ‘master royalties and neighboring rights royalties’ for the band’s two albums – 1988 Traveling Wilburys Vol. 1 and 1990s Traveling Wilburys Vol. 3 — as well as the 2007 box set The Wilburys Traveling Collection.
The Traveling Wilburys initially consisted of Dylan, ex-Beatles guitarist george harrison, Roy Orbison, Tom Small and Electric Light Orchestra leader Jeff Lynne. Orbison died of a heart attack shortly after the release of the debut album, which featured the classic songs “Handle with Care” and “The End of the Line”, and peaked at No. 3 on the chart. Billboard 200.
The group continued as a quartet and released another album, Flight. 3who reached 11th place in the Billboard 200. The box set included both albums, plus bonus tracks, as well as a DVD. Dylan is credited with co-writing all of the original Wilburys songs with the other band members.
Over the past two years, Dylan has sold his recorded music catalog and publishing rights, respectively, to Sony Music Entertainment and Universal Music Group, respectively, for nine digits each. Like Variety points out, “most people probably didn’t realize” that the folk-rock legend’s Traveling Wilburys catalog was included in those deals.
Senior Director of Wave Music Samantha Rulen said in a statement: “Acquiring even a small portion of Bob Dylan’s work as part of Traveling Wilburys is thrilling to say the least. We are honored to add this piece of history to our growing catalog of music.
Terms of the agreement were not disclosed.
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