{"id":132903,"date":"2023-05-30T22:59:22","date_gmt":"2023-05-30T22:59:22","guid":{"rendered":"https:\/\/fin2me.com\/?p=132903"},"modified":"2023-05-30T22:59:22","modified_gmt":"2023-05-30T22:59:22","slug":"queen-music-catalog-could-soon-sell-for-1b-report","status":"publish","type":"post","link":"https:\/\/fin2me.com\/business\/queen-music-catalog-could-soon-sell-for-1b-report\/","title":{"rendered":"Queen Music Catalog Could Soon Sell For $1B – Report"},"content":{"rendered":"
The music catalog of rock band Queen could soon sell for more than $1 billion, CNN is reporting.<\/p>\n
Citing an anonymous source, CNN says a deal is underway for Universal Music Group to acquire the catalog from Disney Music Group. The $1 billion-plus deal is “expected to close within one month,” the news network reports.<\/p>\n
A spokesperson for Disney Music Group told CNN the company has no plans to sell the catalog.<\/p>\n
If the reported deal does happen, the sale price would far outpace the $500 million amount for the purchase of Bruce Springsteen’s catalog in 2021, thought to be the current record holder.<\/p>\n
Other recent catalog sales include the works of David Bowie, which sold last year for a reported $250 million, Justin Bieber ($200 million) and Bob Dylan ($300 million).<\/p>\n<\/p>\n
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