Post a Comment Print Share on Facebook

Queen's music catalog could sell for a billion dollars

A gold rush.

- 42 reads.

Queen's music catalog could sell for a billion dollars

A gold rush. The repertoires of music giants never cease to excite covetousness. After the unbeatable David Bowie, Bruce Springsteen, Bob Dylan, to name a few, the repertoire of the British formation Queen would be at the heart of fruitful negotiations, according to CNN.

Currently owned by Disney Music Group, the group's musical catalog could pass into the hands of Universal Music for a billion dollars, according to the American media.

The astronomical sum advanced would be due in part to the success of the film Bohemian Rhapsody, winner of an Oscar in 2018. Directed by Bryan Singer, it put a lucrative spotlight on the musical work of the rock group led by the iconic Freddie Mercury, until his death in 1991 from AIDS at the age of 45.

While the rumor is persistent, however, it was denied by a Disney Music Group spokesperson, telling CNN that the company has no plans to sell the catalog. Regardless, if the deal materializes, the sale price would far exceed the $500 million for the purchase of Bruce Springsteen's catalog in 2021, by Sony, considered the current record holder.

For comparison, the works of David Bowie, Justin Bieber and Bob Dylan concluded for 250, 200 and 300 million dollars respectively. And Sony was still eyeing half of Michael Jackson's music catalog a few months ago.

This long series of editions of catalogs of dead or living artists, considered timeless, have become precious assets. Whoever owns them earns money every time they listen. This manna is added to the gains in the event of use of the music on the radio, in films or advertisements.

Avatar
Your Name
Post a Comment
Characters Left:
Your comment has been forwarded to the administrator for approval.×
Warning! Will constitute a criminal offense, illegal, threatening, offensive, insulting and swearing, derogatory, defamatory, vulgar, pornographic, indecent, personality rights, damaging or similar nature in the nature of all kinds of financial content, legal, criminal and administrative responsibility for the content of the sender member / members are belong.