() — the songs of What in are known throughout the world, and the band’s work could soon sell for a staggering sum.
A source familiar with the music acquisition told that discussions are “very far along” for Universal Music Group to acquire Queen’s catalog, owned by Disney Music Group.
The source added that the sale could exceed $1 billion and that “the deal is expected to close within a month.”
has reached out to Universal Music Group and Disney Music Group for comment, as well as a representative for the band.
bruce springsteen He previously made headlines in December 2021 with the sale of his song catalog, totaling close to $500 million.
It could be said that this sum is the highest amount for which a music catalog has been soldbut if the Queen sale goes through, it will set a new record.
The billion dollar total for Queen’s music is surely so high thanks in part to the 2018 Oscar-winning film.”Bohemian Rhapsody“, which told the story of the band’s beginnings with a focus on the late frontman Freddie Mercury, inspiring a resurgence in the popularity of the band’s music.
Justin Bieberthe heritage of David Bowie and Sting they have also recently completed sales of their respective music catalogues.
