{"id":2272702,"date":"2024-06-20T15:07:02","date_gmt":"2024-06-20T19:07:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/queen-music-catalog-to-be-purchased-by-sony-for-more-than-1-billion-report\/"},"modified":"2024-06-20T15:11:05","modified_gmt":"2024-06-20T19:11:05","slug":"queen-music-catalog-to-be-purchased-by-sony-for-more-than-1-billion-report","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/queen-music-catalog-to-be-purchased-by-sony-for-more-than-1-billion-report\/","title":{"rendered":"Sony to Buy Queen&#8217;s Music Catalog for Over $1 Billion: Report"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">22<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fqueen-music-catalog-to-be-purchased-by-sony-for-more-than-1-billion-report%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2272702&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>Sony Music\u200b is in the process\u200c of acquiring the Queen music catalog for \u200ca reported\u2063 sum of \u200c$1.27 billion, \u2062as per \u2062<a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/report-biden-administration-shut-down-trump-era-probe-into-coronavirus-lab-leak-theory\/\" title=\"REPORT: Biden Administration Shut Down Trump-Era Probe Into Coronavirus Lab Leak Theory\">sources cited<\/a> by Variety. The \u2062deal, which was first reported by\u200c Hits Daily Double, excludes revenue from live performances by the \u200cband&#8217;s <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/the-chicks-founding-member-laura-lynch-killed-in-car-crash-at-65\/\" title=\"Laura Lynch, a founding member of The Chicks, tragically dies in car accident at 65\">founding \u200cmembers<\/a> who currently tour with Adam Lambert. Interest in the catalog was high, with another buyer withdrawing when the price reached $900 million. The acquisition includes a collection of iconic Queen songs such as &#8220;Bohemian Rhapsody,&#8221; &#8220;Another One\u2062 Bites the Dust,&#8221; and &#8220;Radio Ga Ga,&#8221; along with other hits that are \u2062staples at sports events\u2063 like &#8220;We Will Rock You&#8221; and &#8220;We Are the Champions.&#8221; Queen, established in 1970, remains\u200c a significant and influential presence in the rock music industry.  <\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<p><span style=\"font-weight: 400\">The Queen <\/span><a href=\"https:\/\/www.dailywire.com\/topic\/music\"><span style=\"font-weight: 400\">music catalog<\/span><\/a><span style=\"font-weight: 400\">  is soon to be acquired by <\/span><a href=\"https:\/\/www.dailywire.com\/topic\/entertainment\"><span style=\"font-weight: 400\">Sony Music<\/span><\/a><span style=\"font-weight: 400\">  for an astronomical sum, according to recent reports.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Two sources told <\/span><a href=\"https:\/\/variety.com\/2024\/music\/news\/queen-catalog-acquired-by-sony-music-1-billion-1236042619\/\"><span style=\"font-weight: 400\">Variety<\/span><\/a><span style=\"font-weight: 400\">  that the sale worth a rumored $1.27 billion is in the works. Per Hits Daily Double, the original outlet that broke the story, the only revenue not included in the deal is live performances by two of the band\u2019s founding members, who tour with singer Adam Lambert.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The outlet noted that another interested buyer tapped out when the figure reached $900 million.<\/span><\/p>\n<p><span style=\"font-weight: 400\">This acquisition includes a plethora of <\/span><a href=\"https:\/\/www.dailywire.com\/topic\/music-industry\"><span style=\"font-weight: 400\">money-making songs<\/span><\/a><span style=\"font-weight: 400\">, which is what attracted such high sales figures. Internationally recognized classics, including \u201cBohemian Rhapsody,\u201d \u201cAnother One Bites the Dust,\u201d and \u201cRadio Ga Ga\u201d are all part of the deal. The hit Queen singles \u201cWe Will Rock You\u201d and \u201cWe Are the Champions\u201d are frequently played at sporting events.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Queen is a British rock band founded in 1970. The founding members included Freddie Mercury (lead vocals, piano), Brian May (guitar, vocals), and Roger Taylor (drums, vocals). John Deacon (bass) joined the group later.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The band is one of the best<a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/two-fans-sue-madonna-for-starting-her-nyc-concert-two-hours-late\/\" title=\"Madonna faces lawsuits from two fans over her two-hour late start at NYC concert\">-selling music artists<\/a> in the world. Queen received the Brit Award for Outstanding Contribution to British Music and was inducted into the Rock and Roll Hall of Fame in 2001. Each band member composed at least one hit single, leading to all four members being inducted into the Songwriters Hall of Fame in 2003.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Variety noted that Disney owns Queen\u2019s recorded-music rights for the U.S. and Canada, which the company bought in the early 2000s. Disney would keep those rights, but some of the band members\u2019 hefty royalties being paid out by Disney would now go to Sony, as would the group\u2019s distribution deal and rights outside those two countries.<\/span><\/p>\n<p><b><a href=\"https:\/\/onelink.to\/dwapp\" target=\"_blank\" rel=\"noopener noreferrer\" aria-describedby=\"sk-tooltip-9096\" data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/onelink.to\/dwapp&#038;source=gmail&#038;ust=1712932862202000&#038;usg=AOvVaw0plT8RRdMy9XUpIhocnjQS\">CLICK HERE TO GET THE DAILYWIRE+ APP<\/a><\/b><\/p>\n<p><span style=\"font-weight: 400\">The acquisition would also include name and <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/major-university-athletic-directors-urge-congress-to-pass-nil-legislation-wild-west\/\" title=\"University athletic directors are urging Congress to pass NIL legislation to prevent a \"Wild West\" scenario.\">likeness rights<\/a>, paving the way for musicals and other potentially lucrative future projects. For example, the 2018 biopic \u201cBohemian Rhapsody\u201d about Mercury\u2019s life <\/span><a href=\"https:\/\/www.boxofficemojo.com\/release\/rl3439363585\/\"><span style=\"font-weight: 400\">pulled in<\/span><\/a><span style=\"font-weight: 400\">  more than $900 million against a $52 million production budget. <\/span><\/p>\n<p><span style=\"font-weight: 400\">Sony is notoriously quiet about their big acquisitions, which, in the past, included Bruce Springsteen\u2019s publishing and recorded-music rights and Bob Dylan\u2019s recorded-music rights, the outlet noted. Neither of those deals were ever officially confirmed but have been suspected for years. <\/span><\/p>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sony Music is reportedly acquiring the Queen music catalog for a staggering $1.27 billion, sources told Variety. Hits Daily Double, which first reported the news, noted that the deal excludes certain revenues<\/p>\n","protected":false},"author":345,"featured_media":2272703,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/dw-wp-production.imgix.net\/2024\/06\/Queen-scaled.jpg","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-2272702","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"fifu_image_url":"https:\/\/dw-wp-production.imgix.net\/2024\/06\/Queen-scaled.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2272702","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/345"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2272702"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2272702\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2272703"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2272702"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2272702"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2272702"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}