Common Music Group is reportedly in superior discussions to amass Queen’s catalog from Disney Music Group, in keeping with an insider.
The sale, which is predicted to shut inside a month, is anticipated to exceed $1 billion, in keeping with CNN.
Nonetheless, a spokesperson from Disney Music Group acknowledged that they at the moment don’t have any plans to promote the catalog. If the deal goes by way of, it may doubtlessly set a brand new file for the best quantity paid for a music catalog.
Bruce Springsteen’s catalog sale in 2021 for about $500 million at the moment holds the file. The recognition of Queen’s music, significantly boosted by the success of the 2018 movie “Bohemian Rhapsody,” which centered on the band’s story and late frontman Freddie Mercury, seemingly contributes to the excessive valuation.
Notably, different artists resembling Justin Bieber, the property of David Bowie, and Sting have additionally not too long ago accomplished gross sales of their respective music catalogs.
Fashioned in 1970 in London, Queen is an iconic British rock band. The unique lineup comprised 4 gifted musicians: Freddie Mercury because the lead vocalist and pianist, Brian Might on guitar and vocals, John Deacon dealing with the bass guitar, and Roger Taylor on drums and vocals. Queen shortly rose to change into one of the crucial completed and influential bands within the annals of rock music.