Under his estimated $300 million deal with Universal Music, royalties for his songs will go to the company.
Per the prize’s rules, the musician is required to deliver a lecture or a concert to receive the nearly $1 million purse.
The vast treasure-trove was long rumored but was not confirmed until purchased.
The news that didn't quite make the headlines. This week: A social media site for the 1 percent, explaining the Bob Dylan bond, and the longest-running flight attendant in the history of aviation retires.