The monarch might purchase a billion-dollar music library.
Music catalogs are desirable investments as they continuously produce royalties for numerous years through movies, radio, and advertisements. As a result, Queen's music rights are in high demand. "We Will Rock You" or "Bohemian Rhapsody" might potentially generate a great deal of income for the surviving band members.
Since their inception in 1970, the British rock band Queen became a huge success. Their most notable songs include "We Will Rock You", "Another One Bites the Dust", and "Bohemian Rhapsody", which made them a global phenomenon. According to recent news, Queen's megahits are up for sale and could potentially break a record.
As reported by "Bloomberg", Sony Music is currently discussing with another investor the acquisition of Queen's entire music catalog. In addition to the music rights, this massive deal could also involve additional marketing opportunities such as merchandising. During the discussion, a possible purchase price of up to one billion US dollars was discussed.
Furthermore, the remaining band members - Brian May, Roger Taylor, John Deacon, and the estate of Freddie Mercury - are equal shareholders of Queen Productions Ltd, which, as per the company records, generated 52 million dollars in revenue in 2022.
Song catalogs are deemed lucrative investments because they can be utilized for several decades in films, played on the radio, or used for commercials - all of which generates royalties for the holders of the rights. In recent times, some prominent music companies have sold their song catalogs. Sony acquired Bruce Springsteen's back catalog for approximately 500 million dollars in 2021, while Warner Music paid around 250 million dollars for David Bowie's (1947-2016) songs in 2022.
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Sony is actively considering purchasing Queen's entire music catalog for up to a billion dollars, expanding their portfolio in the music and entertainment industry.shoulder to shoulder with legendary tracks like "We Will Rock You" and "Bohemian Rhapsody", the acquisition of Queen's music rights will provide Sony with an abundance of potential income streams in music, movies, and advertising.
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