May 30, 2024
Queen could sell their catalogue to Sony for $1bn
Sony Music is reportedly in talks to buy the music catalogue of the rock band Queen, including hits like Bohemian Rhapsody, Radio Ga Ga and Another One Bites The Dust. Earlier this year, Sony also acquired a 50% interest in Michael Jackson's music from the late singer's estate - at a cost of at least $600 million. The sale of music catalogues has become a big business over the last eight years, with record labels and private equity companies snapping up the rights to music by David Bowie, Bob Dylan, Justin Bieber, Shakira, Neil Young, Blondie and Fleetwood Mac for multi-million dollar sums. Complicating the band's potential deal is the fact that Disney Music Group owns Queen's recorded music catalogue in North America. The BBC has contacted Sony Music and representatives of Queen for comment.
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