Sony Music Acquires Queen's Music Catalog
Sony Music has reportedly bought the music catalog of Queen for $1.27 billion, making it the biggest deal of its kind. Queen's founding members will retain revenue from live performances. The band's popularity surpasses that of Michael Jackson and Bruce Springsteen. Sony also acquired a 50% interest in Michael Jackson's music for at least $600 million.
Key Points
- Sony Music acquires Queen's music catalog for $1.27 billion
- Queen's founding members retain revenue from live performances
- Queen's popularity exceeds that of Michael Jackson and Bruce Springsteen
- Sony also acquires 50% interest in Michael Jackson's music for at least $600 million
Pros
- Sony Music gains rights to iconic Queen songs
- Potential for additional revenue through future projects like jukebox musicals
Cons
- Loss of control over music catalog by Queen members