- Jan 1, 2011
- 2,857
- 15,669
- Disclosures
- I never actually learned to play very well
Apparently Disney already owns some part of the Queen legacy, but Sony is going in big now.
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The Queen music catalog, along with a number of other rights, is in the process of being acquired by Sony Music for 1 billion pounds (around $1.27 billion), two sources confirmed to Variety.
The news was first reported by Hits; according to their report, the only revenue not covered in the deal is for live performances, which founding members Brian May and Roger Taylor, who still actively tour with singer Adam Lambert, will retain.
Queen’s music catalog is among the most valuable of the rock era — with classics like “Bohemian Rhapsody,” “Another One Bites the Dust,” “Radio Ga Ga,” “39,” “Somebody to Love” and “You’re My Best Friend” as well as the perennial stadium-shakers “We Will Rock You” and “We Are the Champions,” the songs are globally popular and enormously lucrative.
The success of the 2018 biopic “Bohemian Rhapsody” shows the potential for the group’s name and likeness rights, and the likelihood of a jukebox musical that could open in London or on Broadway and then tour indefinitely.
[Invalid or Expired Link Removed]
The Queen music catalog, along with a number of other rights, is in the process of being acquired by Sony Music for 1 billion pounds (around $1.27 billion), two sources confirmed to Variety.
The news was first reported by Hits; according to their report, the only revenue not covered in the deal is for live performances, which founding members Brian May and Roger Taylor, who still actively tour with singer Adam Lambert, will retain.
Queen’s music catalog is among the most valuable of the rock era — with classics like “Bohemian Rhapsody,” “Another One Bites the Dust,” “Radio Ga Ga,” “39,” “Somebody to Love” and “You’re My Best Friend” as well as the perennial stadium-shakers “We Will Rock You” and “We Are the Champions,” the songs are globally popular and enormously lucrative.
The success of the 2018 biopic “Bohemian Rhapsody” shows the potential for the group’s name and likeness rights, and the likelihood of a jukebox musical that could open in London or on Broadway and then tour indefinitely.