According to a source close to the deal, Universal Music Group wants to acquire Queen’s music from Disney Music Group!
The source added that the sale could surpass $1 billion and that the deal is “expected to close within one month.”
Bruce Springsteen previously made headlines in December 2021 with the sale of his song catalogue, with a total in the vicinity of $500 million.
That sum remains arguably the highest amount a music catalogue has sold for, but a new record will be set if the Queen sale goes through.
Justin Bieber, the estate of David Bowie and Sting have all recently completed sales of their respective music catalogues.