Bruce Springsteen sells his music catalog to Sony Music in roughly $500 million mega-deal: reports

Bruce Springsteen has sold his music rights to Sony Music in an estimated $500 million deal, according to reports in, first, Billboard, and then The New York Times.

Sources familiar with the deal told both outlets it includes the singer's recorded music catalog as well as his body of work as a songwriter -- including classic hits such as "Born to Run," "Blinded by the Light" and "Born in the U.S.A."

No public announcement has been made. Sony Music didn't immediately respond to requests for comment from CBS News.