Freddie is a rich DEAD dood!!

[Onebadcad]

Says Sony is paying $1.27B, the three living members and Freddie's estate get the proceeds, as they owned all songs.
This appears to 2X of any other music catalog sold.

https://www.breitbart.com/entertainment/2024/06/20/queen-music-catalog-bought-by-sony-for-1-billion/

Sony Music has reportedly bought the music catalog of English rock band Queen, including hits like Bohemian Rhapsody, Radio Ga Ga, and Another One Bites The Dust, for around $1.27 billion.

The news was first reported by Hits; according to the outlet, the only revenue outside the deal is for live performances, which founding members Brian May and Roger Taylor, who still actively tour with singer Adam Lambert, will retain.

[KenHorse]

This appears to 2X of any other music catalog sold.


They are the champions

[Aerovette]

Is this the real life? Is this just fantasy?

[Onebadcad]

The three remaining members are all in their 70s.
Brian and Roger need to stop touring and spend their fortunes.

[Swany00]

another one bites the dust

[vettemed]

Guaranteed, to blow your mind.

[Onebadcad]

My math, not using future value or alternative options.

$1.3B for catalog.
If you want to break-even, and still own the asset, in 20 years, you have to average $65M/year in royalty / usage payments.

I do not see how Sony justifies the $1.3B, unless my $65M is a very low estimate.

Found an article which said Queen made $48M in royalties in 2021.

[Swany00]

the IRS is going to dig that ****er up and audit him now

[Onebadcad]

the IRS is going to dig that ****er up and audit him now

Good point, he died a Brit, but IRS could argue the 25% of $1.3B is partially theirs due to value of sale based on USA listenership.
I bet the IRS is already all over this.

[Aerovette]

My math, not using future value or alternative options.

$1.3B for catalog.
If you want to break-even, and still own the asset, in 20 years, you have to average $65M/year in royalty / usage payments.

I do not see how Sony justifies the $1.3B, unless my $65M is a very low estimate.

Found an article which said Queen made $48M in royalties in 2021.

They now have license to "sell" use of the song in commercials and movies. That would not be "royalties" in a typical sense.

[SteveOceanside]

:waiting:

[04 commemorative]

That can buy a lot of "Fat Bottom Girls" :syf::balls:

[LATB]

Freddie is a rich DEAD dood!!

See the little faggot with the earring and the make up
Yeah, buddy, that's his own hair
That little faggot got his own jet airplane
That little faggot, he's a millionaire

[Onebadcad]

^^^ I believe the PC Police removed the faggot line,,, was in reference to motley crue??

[dvarapala]

See the little faggot with the earring and the make up
Yeah, buddy, that's his own hair
That little faggot got his own jet airplane
That little faggot, he's a millionaire

I had no idea Knopfler was singing about Freddie... :shrug:

[Datawiz]

Of all the music catalogs ever sold, Queen deserves this king's (queen's) ransom. One of the best bands of all time, and the surviving 3 members owe their lives to Freddie. Time heals all wounds, happy for them to have hit the mega payday. :yesnod:

[dvarapala]

^^^ I believe the PC Police removed the faggot line

:yesnod:

The entire verse is gone from their "Greatest Hits" CD. :mad:

Similarly, my CD of The Knack has naughty words like "****" changed to innocuous words like "touch." :mad: :willy:

[Onebadcad]

Of all the music catalogs ever sold, Queen deserves this king's (queen's) ransom. One of the best bands of all time, and the surviving 3 members owe their lives to Freddie. Time heals all wounds, happy for them to have hit the mega payday. :yesnod:

I never listened to Queen in my youth, only did C&W.
Today, I am a HUGE fan, as feel their accomplishments and catalog are second to none.
Freddie's lifestyle did not impact me,,,

The three remaining members are wise, they waited until they knew their price would be met.

[Louie Detroit]

That’s stone cold crazy money.

[LATB]

I had no idea Knopfler was singing about Freddie... :shrug:
I understand that line in the song was referring to Prince or Michael Jackson.