Sony Music is reportedly acquiring the Queen music catalog for a staggering £1 billion, excluding revenue from live performances still owned by founding members Brian May and Roger Taylor. This deal, hinted to be close to $900 million, includes iconic hits like “Bohemian Rhapsody,” “Another One Bites the Dust,” and “We Will Rock You.” Sony's acquisition also covers the group's likeness rights and potential for a jukebox musical. Additionally, the music catalog is complicated by previous deals with Disney and Universal, which will retain certain rights even after the acquisition. Despite such challenges, Queen's legacy as one of the biggest bands in the world continues to thrive, with their songs still popular globally, making them a valuable asset for Sony. The group's enduring success and influence since their formation in 1970 make this acquisition a lucrative investment for the music industry giant.