Bruce Springsteen sells his back catalog to Sony for half a billion dollars

Bruce Springsteen has sold his song catalog to Sony, including master recordings, for $500m. CNN:

The deal would be the largest ever transaction for a single artist's catalog, according to the Times, and would include his work as both a singer and songwriter… Billboard was first to report the sale [paywall].

A big outright sale. Compare to Neil Young, who recently sold a 50% stake in his back catalog for $150m, and David Bowie, who sold a decade of royalty payments with his back catalog as security, making $100m in today's money without selling so much as a b-side.