Bruce Springsteen is moving his entire global publishing rights to Universal Music Publishing Group this week.
According to NY Post, the highly-sought after publishing rights are currently shared between Downtown Publishing (which holds the US rights) and Sony/ATV, (which holds UK licenses to distribute Springsteen's music).
The news is no doubt a huge win for UMPG, who already boast names like Harry Styles, Bee Gees and Jack White, given that The Boss reportedly earned $US75 million last year alone.
Sony Music’s Columbia Records, who release Springsteen's music, will reportedly be unaffected by the move.
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