June 20, 2024 11:37 am
Posted by Editorial –
It could be said that the value of the contribution to the world of music and culture by a band like What in is incalculable, but after negotiations that have gone on for yearsa number has been put to that value, the dizzying figure of 1,184 million euroswhich is the price you paid Sony Music by the musical catalog of the band he gave voice to Freddie Mercury.
As reported VarietySony Music has closed the complicated agreement with all the parties that owned the rights to Queen’s legacy, including Brian May, Roger Taylor, John Deaconthe heirs of Freddie Mercury, Queen Productions Ltd. and Queen Music Ltd. in addition to Disney Music Groupowners of the rights in North America.
The agreement would include the sale of all intellectual property related to Queen’s work, including the rights to logos, music videos, merchandising and other activities, leaving out of this operation the income from live performances, which will remain in the hands of Brian May and Roger Taylor, who keep Queen’s legacy alive on stage accompanied by the vocalist Adam Lambert.
In this way, Queen has achieved a historic mark among the many agreements of this type that have occurred in recent years, more than doubling the 550 million which Sony also paid for the catalog of Bruce Springsteen. The list of great rock bands and artists who have already taken the step of selling their catalog for high figures includes Mötley Crüe, Neil Young, Bob Dylan, ZZ Top, Alice In Chains or more recently Kiss, who sold their entire catalog and image rights for three hundred million dollars to the company Pophouse Entertainment Groupthe one in charge of carrying out the project of the virtual avatars with which the trajectory of the New York training will be extended.
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