Queen Catalog to Be Acquired by Sony Music for £1 Billion

From variety.com

The Queen music catalog, along with a number of other rights, is in the process of being acquired by Sony Music for £1 billion (around $1.27 billion), two sources confirm to Variety. The news was first reported by Hits; according to their report, 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. One other player was said to be very close in the bidding, but stopped short at $900 million. Queen’s music catalog is among the most valuable of the rock era — with classics like “Bohemian ... (full story)