By strategiaynegocios.net

Queen, one of the most successful groups of all time, began their professional career by signing with the record label EMI on April 6, 1973.

After decades at the top of the charts and sold out world tours, the group consisting of Freddie Mercury, Brian May, John Deacon and Roger Taylor decided to sign a new contract with Hollywood Records, a label owned by none other than Disney. , for the distribution of his music in the United States and Canada.

Queen’s catalog purchase occurred in 1990 and was valued at US$10 million, and although it could be considered a bargain by Disney, one incident changed the plans of all parties involved: the death of Freddie Mercury in 1991. Queen would record two albums as part of Disney: Satire and Made in Heaven, the latter a posthumous production by Freddie.

In 2011, the remaining Queen members would enter a new stage in their lives, the end of their contract with EMI in the United Kingdom, passing their catalog to Universal Music Group, which served to release remastered versions of their studio albums.

Now, in the middle of 2023, the group has once again given something to talk about, as according to specialized music business outlet Music Business Worldwide, Queen’s catalog is no longer owned by Hollywood Records and will be up for sale for a substantial amount.

According to sources, Queen’s music, which features hits that made history in popular culture such as Bohemian Rhapsody, We Will Rock You and Don’t Stop Me Now, will sell for US$1.1 billion, making it the most expensive music catalog ever. . history, surpassing the contract Bruce Springsteen signed in 2021 with Sony Music Group for US$500 million.

Media such as Music Business Worldwide themselves confirm that these exorbitant numbers are due in large part to Queen’s musical rebound in 2018 thanks to the premiere of Bohemian Rhapsody, a biopic considered by many to be the greatest vocalist in rock history. . Coupled with this of course is a prolific career spanning over 50 years with a number of hits.

There are several record labels looking to acquire the rights to the British band’s songs, but it’s the same Universal Music Group that is showing more interest in the purchase, and if it comes to fruition, the deal will come before it. end of June.

With information from infobae