Bob Dylan sold entire recording catalog to Sony

American rock and folk musician Bob Dylan, shown here on May 25, 1966, during a concert at the Olympia music hall in Paris, France

Bob Dylan performs at the 44th Annual Grammy Awards in Los Angeles in February 2002

Bob Dylan sold his entire back catalog of recorded music along with "the rights to multiple future new releases" to Sony Music Entertainment, the company announced Monday, the latest high-profile deal of the recent music rights purchasing rush.

Springsteen sold both his publishing and recorded music rights to Sony for a staggering $500 million.