All articles tagged with #music catalogue
Sony Music is in talks to purchase Queen's music catalogue for up to $1 billion, which would include hits like "Bohemian Rhapsody" and "We Will Rock You." The deal, if finalized, would be the largest of its kind, surpassing previous high-value acquisitions like Bruce Springsteen's catalogue. Negotiations are ongoing and may not result in a sale.
Taylor Swift has been named a billionaire by Forbes, with an estimated $1.1 billion fortune attributed to her record-breaking Eras Tour, music catalog, and real estate portfolio. She is the first musician to achieve ten-figure status solely from her songs and performances. The announcement comes after winning the artist of the year award at the iHeartRadio Music Awards. Swift recently returned from a vacation with her NFL star boyfriend, Travis Kelce, and is set to release her 11th studio album, "The Tortured Poets Department," with a dedicated SiriusXM channel for her music.
Sony Music Group has reportedly paid at least $600 million for half of Michael Jackson's music catalogue, making his entire catalogue worth over $1.2 billion. This deal marks the biggest ever for the work of a single musician. Jackson, one of the most successful pop stars of all time, has sold over 400 million records worldwide and remains popular on streaming services. The sale also includes tracks by other artists acquired by Jackson's Mijac publishing group. Selling music back catalogues has become a financially lucrative trend among artists, with Bruce Springsteen and Bob Dylan also making significant deals.