Queen Could Sell Their Catalog To Sony For $1-B

Sony Music is reportedly in talks to buy the music catalog of the rock band Queen, including hits like “Bohemian Rhapsody,” “Radio Ga Ga,” and “Another One Bites The Dust,” and a slew of songs dished out by Freddie Mercury, who died in 1991, Mark Savage reported for BBC News.

If it goes ahead, the deal would cover Queen's songs and all related intellectual property - including the rights to logos, music videos, merchandise, publishing, and other business opportunities. I Photo: Queen Facebook

According to Bloomberg, Sony is working with another investor on the transaction, which "could potentially total $1 billion" (£790 million).

If it goes ahead, the deal would cover Queen's songs and all related intellectual property - including the rights to logos, music videos, merchandise, publishing, and other business opportunities. Discussions over the sale have been taking place since last year.

Universal Music is also said to have been involved, owing to the company’s longstanding relationship with the band, which signed with the British label EMI in 1972 and remained with the company after it was bought by Universal in 2011.

If the group achieves the $1 billion price tag, it will be the biggest deal of its kind, surpassing the $500 million (£393 million) that Sony paid to acquire Bruce Springsteen’s catalog in late 2021.