"Springsteen just sold out for 500 million. If he sold for 1 million, he'd be a fool."
Well not really. Before the Sony buyout he was worth over 500 million, not fool's money. He is 72 years old and the buyout is a great way to prepare his estate for the inevitable. He certainly doesn't need the income and his tax exposure will be substantial. It is a good move for a person of his wealth to prevent the "Prince" syndrome, who didn't even have a will. That estate is just a mess.