Queen sell music catalog for $1.2-billion
The rock legends have made a pretty penny from the deal.
Queen has become the latest band to sell its music catalog.
According to Rolling Stone, the rock legends sold their catalog for a whopping £1-billion, approximately $1.2-billion.
The catalog was bought by Sony Music.
However, the deal doesn’t feature monies connected to live performances.
READ: Bruce Springsteen postpones concerts due to sickness
According to Forbes, the 'acquisition appears to be the largest purchase for a single artist’s catalog in history'.
More about Queen
The British rock band was formed in 1971 and is still active.
It has released countless top-charting songs, including 'We Will Rock You' and 'Bohemian Rhapsody'.
Their 14th album, 'A Kind Of Magic', released in 1986, is one of their most successful projects.
READ: Taylor Swift says she will re-record songs to regain control of catalog
Artists who have sold their music catalogs
In the past five years, several artists have sold their catalogs.
In 2021, Bruce Springsteen sold his music catalog for $500-million to Sony Music.
Shakira also sold her music catalog which consisted of 145 songs. Read more about it here.
In 2022, Justin Timberlake sold his catalog for a whopping $100-million (over R1.5-billion) to Hipgnosis.
Justin Bieber sold his catalog for $200-million in 2023.
This year, Sony acquired half of the Michael Jackson's publishing and recorded masters catalog and paid a whopping $600-million.
For loads of fantastic 60s, 70s, and 80s classics, listen to East Coast Gold via the ECR app or here.
We’re also on platforms like Alexa (just enable the ‘East Coast Gold’ skill), MyTuner, Radio Garden, iono.fm, Radioline, and OpenRadio.
More From East Coast Gold
Image courtesy of Supplied.