sony Music’s landmark acquisition of Queen’s catalog is getting nearer to being “official.”
In accordance with stories over the previous few weeks, Sony Music Group has agreed to accumulate the legendary rock band’s recordings, in a deal reportedly price approx. £1bn ($1.27 billion at present alternate charges).
exist £1 billion On the price ticket, the deal could be the most important artist catalog deal in music historical past.
sony It’s understood they’ll purchase the band’s international music publishing rights, their “identify and likeness rights”, and pursuits of their recorded music – together with their recording rights outdoors North America, the place their masters personal disney music group.
(Sony has managed Queen’s publishing rights, and the band’s recorded music is at present accessible by way of universal music group.)
Moreover, the supply of MBW tell us Earlier this month, the noise grew louder Apollo World Administration is a co-investor within the deal.
Sony Music has but to substantiate these stories, however in the present day (July 16) we are able to present you the clearest proof but that Sony Music is taking management of Queen’s property.
Queen’s surviving ‘traditional’ band members, based on paperwork made public by UK Firms Home and reviewed by MBW Brian Could, Roger Taylor and John Deacon stop to be a director QUEEN PRODUCTIONS LIMITED.
Queen Productions Ltd. is a UK-based firm that owns the band’s discography Outdoors america and Canada. It additionally collects the band’s turnover, together with recording and synchronization royalties and efficiency revenue.
band member potential, tyler and deacon Seems to have resigned as director Queen Productions Ltd. As of June twenty sixth.
Neil Adleman, a lawyer whose resume reveals he was related to Clients include “Queen” Others, former secretaries QUEEN PRODUCTIONS LIMITED. Adelman’s appointment additionally terminated on June 26.
Curiously, on the identical day (July 10) that the director’s discover of termination was submitted, Queen Productions restricted firm Registered workplace handle modified to 2 canal sections, That is Sony Music Entertainmentof The registered workplace handle is London.
Efficient June 26, Queen Productions Restricted has additionally appointed a brand new director: Charles Henry Stamford. In accordance with LinkedIn, Stanford College is Sony Music Executive.
Queen Productions Ltd’s newest annual monetary figures are Published last month And confirmed the corporate’s monetary efficiency for fiscal yr 2023 (as of the tip of September final yr).
The corporate reported GBP £39.47 million Income for the fiscal yr ending September 30, 2023. $49.1 million.
Along with terminating his directorship Queen Productions Ltd.As of June 26, all three surviving “traditional” members of Queen are not serving queen music ltd.owns the rights to Queen’s music publishing catalogue, which is produced by Sony Music Publishing.
A new On June 26, Queen Music Ltd. appointed administrators, however: Tim MainJoint Managing Director Sony Music Publishing U.Okay.
The registered handle of Queen Music Ltd. has additionally been modified to the identical handle as Sony Music’s registered handle in London.
Exceed Queen Productions Ltd. and Queen Music Ltd., MBW has recognized an additional 16 UK-registered corporations linked to both surviving members of the Queen or the property of Freddie Mercury, which now depend as considered one of them charles stanford As of June 26, Tim Main serves as director.
Different noteworthy director resignations at a few of these corporations embody mary austin (Goose Productions) inherited a lot of Freddie Mercury’s fortune, in addition to Queen’s longtime supervisor Jim Seaside (Goose Productions and Mercury Songs).
The registered addresses of those UK entities have additionally all been modified to Sony Music’s registered workplace handle in London: 2 canal sections.
These corporations embody:
bohemian theater productions ltd.
WE WILL ROCK YOU LIMITED.
Queen’s Theater Productions Ltd.
Queen Travel Co., Ltd.
Mercury Songs Spin-Off Holdings Ltd.
Nighthawk Spin-Off Holdings Ltd.
Queen Online Ltd.
ducklock co., ltd.
Duck Spin-Off Holdings Ltd.
Nimbus Production Co., Ltd.
queen film co., ltd.
We Will Rock You Films Ltd.
Nighthawk Locke Ltd.
Mercury Songs Rockco Ltd.
Goldfinch Productions Ltd.
Goose Productions Ltd.
Queen’s musical catalog, together with publishing and recording rights, is owned collectively and equally by the band’s surviving “traditional” lineup (Brian Could, Roger Taylor, John Deacon) and the property of Freddie Mercury Land owned.
disney music group (by way of its possession of Hollywood Information) owns the rights to Queen’s recorded music in North America; the band owns them elsewhere on the earth. (DMG World distribution agreements signed with the next corporations universal music group.)
Clicks report Final month, it was introduced that Common Music Group, which serves as Disney’s distributor, will retain distribution rights in North America, though Sony will obtain royalties.
UMG’s international distribution rights will switch to Sony in 2026 or 2027, making Sony Music the only international distributor and proprietor of all Queen content material.
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