Musician Sting has sold the rights to his entire music catalog, including solo work and recordings from The Police, to the world's largest record label, Universal Music Group.
The amount of the transaction is traditionally not disclosed, but the specialized media, citing sources, give an approximate figure - $ 250 million.
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Under the terms of the deal, UMG receives the rights to the master copies of the songs, as well as publishing rights - they pass to the division of Universal Music Publishing Group.
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70-year-old Sting (real name - Gordon Sumner) - musician, actor, social activist and philanthropist.
From 1976-1984 he was the frontman of the London rock band The Police, after which he began a successful solo career..
He is the owner of 17 Grammy statuettes and was nominated for an Oscar four times in the Best Song category..