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Music for a billion: Sony Music to acquire the music catalog of the band Queen

Natasha Kumar By Natasha Kumar Jun23,2024

The Queen band

The Sony Music company will still receive the music catalog of the rock band Queen. He will be bought out as part of a deal valued at $1.27 billion.

The company will receive the rights to record and publish Queen's songs, as well as royalties from previous deals with Disney Music Group and Universal Music Group. This is reported by Variety.

As noted in the publication, another bidder for the acquisition of a collection of some of the most valuable musical works of the era settled on a bid of more than 710 million pounds.

< p>The purchase will include the rights to legendary and highly profitable songs, including “Bohemian Rhapsody,” “Another One Bites the Dust,” “Somebody to Love,” as well as “We Will Rock You” and “We Are the Champions.”

Sony will also transfer the group's rights to record music, except for the creation of works in the United States and Canada, for which the rights were granted by Disney in the 2000s. In addition, the purchase provides that the company will be able to place music on digital platforms after 2026-2027.

Billion in music: Sony Music to acquire Queen's music catalog

Queen

The deal leaves the band with rights to tour earnings.

Earlier this year Sony also acquired 50% of Michael Jackson's music records from the late singer's estate – for at least $600 million. Bob Dylan also sold his records to Sony in 2022.

Natasha Kumar

By Natasha Kumar

Natasha Kumar has been a reporter on the news desk since 2018. Before that she wrote about young adolescence and family dynamics for Styles and was the legal affairs correspondent for the Metro desk. Before joining The Times Hub, Natasha Kumar worked as a staff writer at the Village Voice and a freelancer for Newsday, The Wall Street Journal, GQ and Mirabella. To get in touch, contact me through my natasha@thetimeshub.in 1-800-268-7116

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