Queens' monumental $1.27 billion music catalog deal with Sony finalized
Queen is about to close a record-breaking deal! Sources from "Variety" confirm that Sony Music is acquiring the band's music catalog and other rights. A gigantic amount of money is at stake.
6:37 PM EDT, June 20, 2024
The transfer of rights to the works of famous artists can reach staggering sums. In 2021, Bruce Springsteen sold his catalog to Sony for as much as 500 million dollars.
But that's nothing compared to what Queen is about to get. The legendary band will surpass everyone.
"Variety" reports that the band Queen has already struck a deal with Sony Music. It concerns the sale of rights to their catalog for 1.27 billion dollars.
Of course, it's no surprise that the legendary band negotiated such an amount. The 2018 movie Bohemian Rhapsody earned over 900 million dollars worldwide.
So far, Sony Music representatives have not commented on media reports. However, in this case, it's not unusual. The giant rarely comments on its moves.
The death of Freddie Mercury was a huge blow
The death of Freddie Mercury was a massive blow to the band Queen. This event in 1991 interrupted the group's remarkable career. However, today, Queen is still touring with Adam Lambert.
Queen has numerous successes to its name. The group has sold over 300 million albums. The 1981 compilation "Greatest Hits" is one of the best-selling albums ever, with an estimated circulation surpassing 25 million copies.
