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Disney Music Group

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music3 years ago•2 min saved

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

Universal Music Group is reportedly in talks to acquire Queen's music catalog from Disney Music Group for over $1 billion, which would make it the biggest artist catalog sale in history. Queen remains one of the most popular groups in the world today, with their biopic "Bohemian Rhapsody" becoming the highest-grossing musical biopic of all time. The band's members and Freddie Mercury's estate reportedly each own equal shares in the company Queen Productions Ltd, which owns the group's recording catalog outside the U.S. and Canada.

via BLABBERMOUTH.NET|

#acquisition #disney-music-group #music

business3 years ago•1 min saved

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

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.

via CNN|

#acquisition #business #disney-music-group