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SONY MUSIC- QUEEN CATALOGUE TALKS
As reported by guardianmusic.com 30/5/24 Sony Music is in talks to buy Queen’s music catalogue, which includes songs such as Bohemian Rhapsody and Radio Gaga, in a potential $1bn (£800m) deal, 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. In recent years there has been a frenzy to acquire music catalogues, which have attracted billions of dollars in investments from specialist investment funds and private equity companies such as KKR and Blackstone, competing for deals against traditional music companies. article continues.. Images show: QUEEN MUSICAL PHOTOCALL with Ben Elton . Brian May, & Roger Taylor ( All Stock ) by : LIVEPIX CONTACT: LIVEPIX/ DALLE
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