JOURNAL ARTICLE

Sony in Talks to Buy Queen's Music Catalog in Potential $1 Billion Deal.

  • Published In: Bloomberg.com, 2024. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Turner, Giles; Nair, Dinesh; Shaw, Lucas 3 of 3

Abstract

Sony Music is in discussions to purchase Queen's music catalog, including popular songs like "Bohemian Rhapsody," in a potential deal worth $1 billion. The talks also involve merchandising and other business opportunities. This follows a trend of artists selling their catalogs to investors for large sums, with Sony recently acquiring a half interest in Michael Jackson's catalog for at least $600 million. However, not all music catalog deals have been successful, as seen with Pink Floyd's failed attempt to sell their catalog for $500 million. The value of music catalogs has increased due to paid streaming services and low interest rates. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2024/05, pN.PAG
  • Document Type:Article
  • Subject Area:Music
  • Publication Date:2024
  • Accession Number:177535588
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