'Is This Just Fantasy?' Sony Buys Queen Music Catalog For Over $1 Billion
Portfolio Pulse from Franca Quarneti
Sony Group Corp. (NYSE:SONY) is set to acquire Queen's music catalog for over $1 billion, securing recording and publishing rights, including royalties from Disney Music Group and Universal Music Group NV (OTC:UMGNF). The deal will make Sony the global distributor and owner of all Queen content by 2026 or 2027.
June 20, 2024 | 2:24 pm
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NEGATIVE IMPACT
Universal Music Group NV will retain North American distribution rights for Queen's catalog but will lose global distribution to Sony by 2026-2027. This shift may impact UMG's revenue streams.
UMG will retain North American distribution rights but will lose global distribution to Sony by 2026-2027. This could negatively impact UMG's revenue streams and stock in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 50
NEUTRAL IMPACT
Walt Disney Co. currently owns Queen’s recorded music catalog in North America, which will be affected by Sony's acquisition. Disney will retain some rights but lose global distribution to Sony by 2026-2027.
Disney will retain some rights to Queen's music catalog but will lose global distribution to Sony by 2026-2027. This could have a neutral to slightly negative impact on Disney's stock in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
POSITIVE IMPACT
Sony Group Corp. is acquiring Queen's music catalog for over $1 billion, securing global distribution rights and royalties. This deal enhances Sony's music portfolio and revenue streams.
The acquisition of Queen's music catalog significantly enhances Sony's music portfolio, providing new revenue streams from royalties and global distribution rights. This is likely to positively impact Sony's stock in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100