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Queen has reportedly agreed to promote their recording, publishing, and different rights to Sony Music for $1.27 billion.
In keeping with Selection, Sony Music is ready to purchase Queen’s music catalog. The deal consists of Queen’s songs, logos, music movies, merchandise rights, publishing, and different enterprise alternatives. Nevertheless, income from reside performances will nonetheless go to founding members Brian Might and Roger Taylor.
Queen was in talks in early June in regards to the deal. Now that the settlement is official, it’s larger than Sony’s reported $500 million buy of Bruce Springsteen’s catalog in late 2021. This makes it the biggest deal of its sort.
Who Else Bought Their Catalog To Sony?
The band is now the newest rock band to promote their catalog rights. They be a part of different artists like Bob Dylan, Stevie Nicks, Blondie, Chrissie Hynde, Journey, Nikki Sixx, Steve Winwood, and several other others.
Earlier this yr, Sony additionally purchased a 50% stake in Michael Jackson’s music from his property for not less than $600 million.
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