The legendary Queen music catalogue comprised of iconic banger after iconic banger is reportedly on track to sell for over US$1 billion.
Citing an anonymous source, CNN (via Deadline) has indicated the deal is currently underway for Universal Music Group to acquire the whole enchilada from Disney Music Group and “expected to close within one month.”
When the news publication reached out for comment, however, a Disney Music Group spokesperson stated the company had zero plans to part ways with the Queen catalogue.
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If this does indeed come to fruition, it’ll mark the most expensive music catalogue acquisition to date, outpacing some of the following notable ownership transfers in recent history:
- Bruce Springsteen – US$600 million (publishing & recorded music rights)
- Bob Dylan – US$300 million (publishing rights)
- David Bowie – US$250 million (publishing rights)
- Justin Bieber – US$200 million (publishing & recorded music rights)
- Justin Timberlake – US$100 million (publishing & recorded music rights)
- Calvin Harris – US$100 million (publishing & recorded music rights)
- David Guetta – US$100 million (publishing & recorded music rights)
It’ll also be on par with the rumoured sale of Michael Jackson’s iconic works, half of which were priced at US$900 million just a few months prior.
