Queen sells its rights to Sony for a record price of 1.2 billion dollars

Queen sells its rights to Sony for a record price of 1.2 billion dollars
Queen sells its rights to Sony for a record price of 1.2 billion dollars

The Sony record label has reached an agreement with the legendary British band What in, to join the catalogue. After several years in which the proposal was under discussion, due to the different companies that have managed the Queen catalog to date, an agreement was reached.

Disney has owned the recording rights to Queen’s music in the United States and Canada since the 1990s, Universal Music Group has been responsible for global distribution of the band’s music and intends to continue its work until its current contract ends. until 2026 or 2027.

According to sources cited by Variety, this acquisition, valued at $1.27 billion, is the highest price of this type of business in the music industry, and includes:

1. Complete catalog of the British band,

2. Merchandising rights

3. Other business opportunities (musicals on Broadway) except for income generated from live performances.

This is the largest sum of money ever paid for an artist, and here are other deals that have been made with artist catalogs:

Michael Jackson 600 million dollars,

Bruce Springsteen in 2021 550 million dollars,

Bob Dylan 200 million dollars,

Taylor Swift 300 million dollars,

The legendary band led by Freddie Mercury is responsible for international hits such as ‘We Will Rock You’, ‘Bohemian Rhapsody’, ‘Another One Bites the Dust’, ‘I Want to Break Free’, ‘We Are the Champions’, ‘Radio Ga Ga’, ‘Don’t Stop Me Now’ and ‘Love of My Life’, among others.

 
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