THEY ARE THE CHAMPIONS: Word has it that Sony Music has prevailed in the contest for Queen’s and publishing rights and their attendant revenue—including that from the Disney deal—for which House Stringer and Platt has reportedly tendered the winning offer of a cool 1 billion pounds sterling. Disney, which owns the recording rights in North America thanks to the 1990 deal that cost the Mouse $10m, has hitherto paid a handsome royalty to Queen; that will go to Sony under the new deal. Income from the licensing deal with UMG for the rest of the world will similarly go to Sony when that deal expires in 2026 or 2027, at which point SME will become the worldwide distributor and owner of all content.” –Hits Daily Double

I don’t really care. I’m burned out on these gigantic catalog sales. But maybe this is important, maybe this isn’t just a banking deal,

Keep reading this article on Barry Ritholtz - The Big Picture.

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