Sony Music is buying Queen's music catalog for over $1 billion.
Bebe Rexha vs. Porsha Williams Who'd You Rather?! Queen's catalog is about to change hands, and it'll be an expensive acquisition -- 'cause Sony's acquiring the rights to the band's music ... spending 10 figures to lock it down.
The massive transaction -- valued at about $1.27 billion -- involves Queens' royalties for recorded music rights in the United States and Canada, plus a distribution deal outside the U.S. and Canada ... according to Variety.Sony Music is buying the rights that used to belong to Disney, while Queen's distribution deal is currently managed by Universal and is going to expire in a couple years, at which point Sony will take the reins.Queen's music catalog is super valuable ...
This transaction is several years in the making ... and negotiations with Sony reportedly picked up this year, with the company finally sealing the deal.'s estate sold his music for $600 million ... and Queen doubled MJ up here too. It just speaks to the band's lasting popularity all these years later ... folks love 'em.
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