The music catalog of queen along with other copyrights are in the process of being acquired Sony Music for £1 billion (about $1.27 billion).
According to international outlets, the only revenue not covered by the deal is live shows, which will remain with founding members Brian May and Roger Taylor, who are still touring with singer Adam Lambert.
The deal, valued at approximately $1.27 billion, includes the rights to Queen’s music catalog for the United States and Canada, as well as a distribution deal outside the US and Canada.
THE Sony bought the rights that belonged to him Disneywhile the distribution agreement of queen now managed by Universal and it’s due to expire in a few years so Sony will take over. The deal does not include revenue from live performances, as founding members Brian May and Roger Taylor remain in that segment
Queen’s catalog is one of the most treasured of the rock era — with classic hits, “Bohemian Rhapsody”, “Another One Bites the Dust”, “Radio Ga Ga”, “39”, “Man to love”, “You’re My Best Friend” and “We Are The Champions”. The songs are popular all over the world and are very profitable.
the queen originally formed in London in 1970 by May and Taylor, who used to play in the band smiles. A year later he joined Freddie Mercury in vocals and piano and the following year or John Deacon on the bus.