David Bridges
Queen’s catalog is about to vary palms, 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 huge transaction — valued at about $1.27 billion — entails Queens’ royalties for recorded music rights in the USA and Canada, plus a distribution deal exterior the U.S. and Canada … based on Selection.
Sony Music is shopping for the rights that used to belong to Disney, whereas Queen’s distribution deal is presently managed by Common and goes to run out in a pair years, at which level Sony will take the reins.
The deal does NOT embrace income from dwell performances … founding members Brian Might 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 worthwhile … the band has tons of hits, together with “One other One Bites the Mud,” “Bohemian Rhapsody,” “Someone to Love,” “We Are The Champions” and “We Will Rock You” … simply to call a couple of.
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 offered 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 … people love ’em.
Mama, simply paid a person.
Cameron Steel
Mason Thompson
