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Sony Music reportedly in talks to buy Queen’s music catalogue for $1bn
Publisher said to be working with another investor in sale that would be largest of its kind, according to Bloomberg
Sony is said to be working with another investor on the transaction that would be the largest sale of its kind and include merchandising and other business opportunities, according to the Bloomberg report, which said talks were continuing and might not result in a deal. Brian May, Roger Taylor, John Deacon and the estate of Freddie Mercury are equal shareholders in Queen Productions Ltd, which reported revenues of $52m in the year ended September 2022, according to company filings. Songwriting catalogues are seen as attractive investments because they can be used for decades in films, played on the radio or used for advertisements – all producing royalties for the owners of the rights.
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