Queen’s catalog is about to vary fingers, and it will be an costly acquisition — ‘trigger Sony’s buying the rights to the band’s music … spending 10 figures to lock it down.
The large transaction — valued at about $1.27 billion — entails Queens’ royalties for recorded music rights in the US and Canada, plus a distribution deal outdoors the U.S. and Canada … in response to Selection.
Sony Music is shopping for the rights that used to belong to Disney, whereas Queen’s distribution deal is at the moment managed by Common and goes to run out in a pair years, at which level Sony will take the reins.
The deal does NOT embody income from dwell performances … founding members Brian Could and Roger Taylor are holding on to that slice of the pie. They nonetheless tour with Adam Lambert.
Sony Music beat out a thriller bidder, who reportedly wouldn’t supply greater than $900 million.
Queen’s music catalog is tremendous beneficial … the band has tons of hits, together with “Another One Bites the Dust,” “Bohemian Rhapsody,” “Somebody to Love,” “We Are The Champions” and “We Will Rock You” … simply to call just a few.
This transaction is a number of years within the making … and negotiations with Sony reportedly picked up this 12 months, with the corporate lastly sealing the deal.
The Queen deal is greater than double what Sony Music paid for Bruce Springsteen‘s music catalog … they shelled out about $500 million again in 2021 for Bruce’s tunes.
Michael Jackson‘s property bought his music for $600 million … and Queen doubled MJ up right here too. It simply speaks to the band’s lasting recognition all these years later … of us love ’em.
Mama, simply paid a person.
