UPDATE (June 20, 2024): Queen have formally offered their recording, publishing and different music rights to Sony Music for $1.27 billion after rumors of a 10-figure sale emerged earlier this month. The information was first reported by Hits, which states that Sony has additionally acquired identify and likeness rights, however Broadway rights and “different model monetization” usually are not a part of the deal.
Queen are reportedly in talks to promote their catalog to Sony Music for $1 billion, in response to Bloomberg.
The report states that Sony are “working with one other investor” on the deal that “might probably whole $1 billion,” although it would not assure that an settlement might be made. If the deal is a hit, it might embrace merchandising, along with their music and different entities.
BBC notes that the deal would be the greatest of its variety if it goes by way of, beating Bruce Springsteen’s $550 million take care of Sony in late 2021.
Music Enterprise Worldwide first revealed that Queen had a possible $1 billion deal within the works final Might, which would come with all the publishing and recorded music rights of Brian Might, Roger Taylor, John Deacon and the property of late vocalist Freddie Mercury.
Nevertheless, the band’s recorded music rights are owned by totally different firms in numerous elements of the world. Disney Music Group has possession of the rights in North America, whereas the group’s personal Queen Productions Ltd. and Queen Music Ltd. have possession of the recording and publishing catalogs in the remainder of the world, respectively.
READ MORE: Why Musical Artists Are Promoting Their Catalog Rights
If Queen and Sony come to an settlement, they’re going to be certainly one of many large rock artists who’ve offered their catalog in recent times. In April, KISS offered their music catalog, identify, picture and emblem to Pophouse Leisure Group. The group was apparently paid $300 million within the deal.
Motley Crue, Neil Younger, Bob Dylan, ZZ Prime and the present lineup of Alice In Chains — Jerry Cantrell, Sean Kinney, Mike Inez and William DuVall — have all offered their catalogs in the previous few years as effectively.
The 67 Rock + Steel Songs With Over One Billion Spotify Streams
Recapping the rock and steel songs which have eclipsed one billion streams on Spotify.
NOT INCLUDED: The definition of rock is extremely broad right now and, on this record, we have elected to not embrace pop/rock acts reminiscent of Think about Dragons, Maroon 5, Twenty One Pilots, 5 Seconds of Summer season, Coldplay, Goo Goo Dolls, Health club Class Heroes and Practice.
Gallery Credit score: Joe DiVita
