Queen’s Music Catalog Reportedly Has A $1 Billion Price Tag, Doubling Bruce Springsteen
According to multiple high-level music industry sources, Queen is currently in talks to sell their extensive music catalog for an estimated $1.1 billion, easily surpassing Bruce Springsteen‘s sale of his masters and publishing catalogs.
Reports from Music Business Worldwide indicate that the British rockers are currently in the preliminary stages of selling their substantial catalog. If the deal comes to fruition, it will establish a new record for the biggest single-artist catalog sale ever, following Springsteen’s $500 million catalog sale to Sony Music in 2021.
In the event of a successful transaction, the money will be divided equally between the estate of Freddie Mercury and the surviving members of the band—Brian May, Roger Taylor, and John Deacon. Various prominent music companies, including Universal Music Group, alongside private equity groups, are among potential buyers.
Unquestionably, Queen’s discography has been a huge commercial success, boasting an impressive collection of 15 studio albums, 10 live albums, and two soundtrack albums. With 300 million records sold worldwide, the band has achieved an unparalleled level of global recognition.
Besides those, the release of the critically acclaimed biographical film ‘Bohemian Rhapsody,’ with over $910 million in worldwide box office revenue,’ contributed greatly to streaming and physical sales of Queen’s music. Subsequently, Queen Productions Ltd., the corporate entity owned by the band, reported record-high revenues of £72.77 million in 2019 and £39.19 million in 2021, mostly stemming from lucrative royalty deals.