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Reports indicate that Sony Music has bought the Queen’s catalog for more than $1 billion in a groundbreaking deal.

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Legendary British rock band Queen’s music catalog has recently been acquired by Sony Music in a deal worth more than $1 billion. According to reports, Sony emerged victorious in a battle with other recording giants, securing ownership of Queen’s catalog for £1 billion (approximately $1.2 billion). While Sony will not receive revenue generated from live performances, founding members Brian May and Roger Taylor continue to perform as Queen with singer Adam Lambert. Another potential buyer offered $900 million for the catalog but could not match Sony’s winning bid.

Hollywood Records, a label of the Disney Music Group, currently owns the rights to Queen’s recorded music catalog in the United States and Canada. Despite this, under the deal with Sony, the Disney Music Group will retain the band’s North American rights indefinitely. However, some royalties formerly received by Queen members through the Disney Music Group deal will now be paid to Sony. Additionally, Universal Music Group currently holds worldwide licensing rights to Hollywood Records’ Queen catalog, which will transfer to Sony once the licensing deal expires in 2026 or 2027.

Sony’s billion-dollar acquisition of Queen’s music catalog is set to become the most expensive music catalog sale in history, surpassing previous records set by artists like Bruce Springsteen and Bob Dylan. Springsteen reportedly sold his recorded music and publishing catalog to Sony Music for $600 million in 2021. In 2020, Bob Dylan also sold the publishing rights to his entire music catalog for $400 million. Furthermore, Sony Music recently acquired Dylan’s recorded music catalog for an estimated $150 to $200 million.

Formed in 1970, Queen, with Freddie Mercury as lead singer, Brian May as lead guitarist, Roger Taylor as drummer, and John Deacon as bass guitarist, quickly rose to fame as one of the biggest rock acts in the world. With hit songs like “Bohemian Rhapsody,” “Don’t Stop Me Now,” “Under Pressure,” “Another One Bites the Dust,” and “We Are The Champions,” Queen has solidified their place as one of the best-selling bands of all time. Their music has enjoyed enduring popularity, especially following the success of the Academy Award-winning Freddie Mercury biopic “Bohemian Rhapsody” in 2019, which led to a significant increase in sales and streams for the band.

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