QUEEN Is Reportedly In Talks To Sell Their Catalog For $1 Billion

Queen‘s music is actually inescapable. “Bohemian Rhapsody” and “One other One Bites The Mud” have been seemingly omnipresent ever since their launch, whereas “We Will Rock You” and “We Are The Champions” has been used at each sporting occasion for the reason that invention of sports activities. You get the concept – Queen remains to be simply as large as they’ve ever been, and which may lead to a gargantuan paycheck.

In keeping with a report by Bloomberg, Queen is in talks with Sony to presumably promote their catalog for up round $1 billion (or £790 million). If the deal goes via, it might be the one largest sale of any band’s catalog to have ever occurred.

The sale would come with Queen‘s music, logos, merchandise, publishing, and all the things else related to the band. For the file, the biggest sale of any band’s catalog to this point was Bruce Springsteen’s catalogue in late 2021 for about $501 million (£393 million).

So why now? As Music Business Worldwide factors out, Queen‘s profitability shot via the roof in 2019 with the discharge of their Bohemian Rhapsody film. Whether or not or not the $1 billion deal goes via stays to be seen, however one factor is for sure – it is in all probability not nice {that a} handful of corporations are going to finally personal the vast majority of basic artists. And if there’s sufficient cash to be made off the catalogs of basic artists by larger companies, then the fixed wrestle of smaller artists can extra safely be put apart for the bigger paychecks.

To not say that Queen does not deserve the success – they’ve written some timeless bangers – however a $1 billion examine for a catalog whereas a really large chunk of artists are on the market struggling to pay primary payments kinda sucks a bit.