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Queen’s Catalog Expected To Sell For Over $1 Billion


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The catalog and general rights of hard rock legends Queen looks set to be acquired by Sony Music for the princely sum of $1.27 billion. Variety report that the deal is expected to extend to all revenue generated by the band sans that from their live performances. Multiple bidders were apparently chasing this acquisition, with Sony said to have come out on top.

As Variety note, despite the staggering sum, there’s still some complexities attached to the deal. The aforementioned publication said of that:

‘The catalog, which has been in play for several years and inching toward Sony for the past few months, is complicated by the group’s recorded-music rights for the U.S. and Canada, which were acquired by Disney, for an undisclosed price, at some point in the 2000s after an initial $10 million licensing deal that was struck in 1991.

Those rights will remain with Disney in perpetuity, although certain of the bandmembers’ remaining royalties from them will go to Sony once the deal closes. Similarly, the group’s distribution deal, which is currently with Universal, will go to Sony in all territories outside the U.S. and Canada when it expires in 2026 or 2027.’

As of press time, Queen have five songs sitting at over 1 billion plays on Spotify alone, including, “Bohemian Rhapsody“, “Don’t Stop Me Now“, “Another On Bites The Dust“, “Under Pressure” and “We Will Rock You“.

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