According to CNN, Queen’s music catalog is being traded for an impressive amount
The music catalog Queen should be sold soon, according to a source CNN. The value of the negotiations is surprising and revolves around US$ 1 billion (about R$ 5 billion).
The source described as “familiar with acquisitions in the music business” said talks between Disney Music Group, the current rights holder, and Universal Music Group are “well underway.”
Although the information is that the sale should take place next month, a representative of the disney denied intentions to sell the band’s back catalogue.
If confirmed, the negotiation would occupy the first place in the ranking of highest values. In December 2021, Bruce Springsteen he sold his own catalog for US$ 500 million (about R$ 2.5 billion at the current exchange rate), assuming the post ever since.
Source: Rollingstone
Earl Johnson is a music writer at Gossipify, known for his in-depth analysis and unique perspective on the industry. A graduate of USC with a degree in Music, he brings years of experience and passion to his writing. He covers the latest releases and trends, always on the lookout for the next big thing in music.
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