KUALA LUMPUR, June 21 — Sony Music is set to acquire British rock band Queen ’s music catalogue for £1 billion .
The only revenue not covered in the deal is for live performances, which founding members Brian May and Roger Taylor, who still actively tour with singer Adam Lambert, will retain, reporteddemonstrated the group’s name potential and likeness rights, and the likelihood of a jukebox musical that could open in London or on Broadway and an indefinite tour.
Those rights will still remain with Disney in perpetuity, although certain of the band members’ remaining royalties from them will go to Sony once the deal is sealed. The group’s distribution deal, currently with Universal, will also go to Sony in all territories outside of the US and Canada when it expires in 2026 or 2027.The band was formed in 1970 by May and Taylor at London with Freddie Mercury on vocals and piano. John Deacon, who joined the following year, was on bass.
Source: Entertainment Trends (entertainmenttrends.net)
Sony Music Catalog
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