Bob Dylan sued by estate of Desire co-writer over catalogue sale – The Guardian

Alexis PetridisThe sale of Dylans catalogue to Universal is believed to be the biggest acquisition of songwriting rights of a single songwriter. The sale came in the middle of a flurry of prominent artists selling or partly selling the rights to their tunes, consisting of Neil Young, Stevie Nicks, Mick Fleetwood and Shakira.
Lots of artists have offered their catalogue to Hipgnosis Songs Fund, a British investment firm owned by Merck Mercuriadis. Market experts say that back catalogues of legacy artists use a steady and trustworthy investment, and for artists in their later years, it may be simpler to leave a lump sum to ones beneficiaries than a songwriting estate.

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Thu 21 Jan 2021 09.38 GMT

Bob Dylan
Jacques Levys better half and publishing company look for $7.25 m (₤ 5.25 m) from recent sale of Dylans publishing rights to Universal Music Publishing

The wife and the publishing business of Jacques Levy, who co-wrote several tunes from Bob Dylans 1976 album Desire, are taking legal action against the songwriter for $7.25 m (₤ 5.25 m) following the recent sale of Dylans songwriting brochure to Universal Music. Dylans lawyer, Orin Snyder, told Pitchfork that the claim was “a sad attempt to unfairly profit off of the recent catalog sale.”Listen to Mozambique from Desire Dylan satisfied Levy in spring 1974. Alexis PetridisThe sale of Dylans brochure to Universal is believed to be the biggest acquisition of songwriting rights of a single songwriter. The sale came amidst a flurry of prominent artists selling or partly selling the rights to their songs, consisting of Neil Young, Stevie Nicks, Mick Fleetwood and Shakira.

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