Investors are spending hundreds of millions to secure music royalties
CAN A SONG be a financial asset? Universal Music believes it can. On December 7th it announced it had bought the rights to Bob Dylan's entire back catalogue for an undisclosed fee. The music publisher (majority-owned by Vivendi, a French conglomerate) now possesses every song that Mr Dylan has written and released, from the tracks on his debut LP, called simply â€œBob Dylanâ€, in 1962 to the â€œRough and Rowdy Waysâ€ album 58 years later.