Transcript

This Rock Band Is Set to Break the Billon Dollar Ceiling for the Sale of Their Music Catalog · Direct From Hollywood with Ryan Seacrest

0:00
Speaker 1: Direct from Hollywood with Ryan Seacrest.
0:03
Speaker 2: While multiple prestige acts ranging from Bob Dylan to Bruce Springsteen,
0:07
Speaker 2: have sold their music catalogs for enormous sums over the
0:10
Speaker 2: past few years, to the tune of several hundred million dollars.
0:12
Speaker 2: One notable omission is legendary British rockers Queen, who have
0:16
Speaker 2: held on to ownership thus far, but that might be
0:18
Speaker 2: about to change and it could sell for a record amount.
0:21
Speaker 2: Billboard reports the estate of Freddy Mercury and their surviving
0:24
Speaker 2: members are in final negotiations to sell their catalog for
0:26
Speaker 2: an astonishing one point two billion dollars. One of the
0:29
Speaker 2: reasons the band may be able to command such a
0:31
Speaker 2: massive payday is the soaring popularity they've experienced since to
0:34
Speaker 2: release a Bohemian Rahap City, the twenty eighteen Oscar winning
0:37
Speaker 2: biopic about Freddy Mercury that introduced them to a new
0:40
Speaker 2: generation of fans who continue to stream their music at
0:44
Speaker 2: a frenzied pace. So well, Queen's catalog set the new
0:46
Speaker 2: benchmark for a sale we should know soon that's
0:49
Speaker 1: Direct from Hollywood,