Queen's Music Catalog May Fetch Over $1 Billion in Sale

1 min read
Source: CNN
Queen's Music Catalog May Fetch Over $1 Billion in Sale
Photo: CNN
TL;DR Summary

Universal Music Group is in discussions to acquire Queen's music catalog from Disney Music Group for a sum that could surpass $1 billion, according to a source familiar with the acquisition. The deal is expected to close within a month. The potential sale is likely due in part to the success of the 2018 film "Bohemian Rhapsody," which focused on the band's late frontman Freddie Mercury. If the sale goes through, it could set a new record for the highest amount a music catalog has sold for.

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