It looks like Sony may soon become the owner of the legendary rock band Queen’s music library, with a reported payment of $1 billion. While nothing is official yet, Billboard has noted that both Universal Music Group and Disney have also been in discussions with the band’s lawyers regarding the potential purchase.
If Sony succeeds in acquiring the catalog for $1 billion, it would mark the largest payout the company has ever made for music rights. Previously, Sony paid close to $600 million for a 50% interest in Michael Jackson’s music and $500 million for Bruce Springsteen’s catalog in 2021.
Despite the death of the band’s iconic lead singer, Freddie Mercury, Queen has continued to dominate the charts. Currently, former American Idol contestant Adam Lambert fronts the band, which also includes renowned guitarist Brian May and drummer Roger Taylor.
Queen has sold more than 300 million records since its formation in 1970, boasting a long list of timeless hits. Some of their most famous songs include “We Are the Champions,” “Bohemian Rhapsody,” “We Will Rock You,” and “Crazy Little Thing Called Love.”
This potential acquisition would not only solidify Sony’s position as a powerhouse in the music industry but also preserve the legacy of one of rock’s most influential bands for future generations. As negotiations continue, fans and industry insiders alike are eager to see if this historic deal will come to fruition.
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