For an estimated $600,000.00+, Sony Music is reportedly in talks to buy the Queen music catalogue.
Including their biggest worldwide hits ‘We Are The Champions’, ‘Radio Gaga’, ‘We Will Rock You,’ ‘Another One Bites The Dust’, ‘Crazy Little Thing Called Love’, ‘Killer Queen’ and ‘Somebody To Love’, the music company is said to be discussing a potential deal for their iconic collection of songs.
According to Bloomberg, Sony is working with another investor, which would make this purchase the biggest of its kind and will include merchandise rights and other business ventures.
Sir Brian May, Roger Taylor, John Deacon and the estate of Freddie Mercury are all equal shareholders in Queen Productions Ltd. According to reliable sources, there have been initial conversations between the band’s lawyers and Sony, who owns their masters for North America, and Universal Music Group.
Including ‘Made In Heaven’, their final (1995) album which features recordings Freddie made before his death, Queen released 15 full length studio LPs.
The latest in an ever expanding list of high profile songwriting catalogues to be sold, in recent years, Bruce Springsteen, Neil Young, Bob Dylan and David Bowie’s collections have been acquired for hundreds of millions of dollars. With the prospect of repeated royalties through film and television usage, as well as radio play or advertisements, such deals have proven themselves to be attractive investments for labels.
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Author: Saul Goode