Queen are reportedly in talks to give their catalog to Sony New music for $1 billion, according to Bloomberg.

The report states that Sony are “working with one more investor” on the deal that “could most most likely total $1 billion,” while it won’t assurance that an agreement will be manufactured. If the deal is a good results, it could involve merchandising, in addition to their new music and other entities.

BBC notes that the deal will be the greatest of its form if it goes by, beating Bruce Springsteen’s $550 million offer with Sony in late 2021.

Audio Company Worldwide initial revealed that Queen experienced a prospective $1 billion deal in the functions final Could, which would include things like all of the publishing and recorded audio rights of Brian May, Roger Taylor, John Deacon and the estate of late vocalist Freddie Mercury.

However, the band’s recorded audio legal rights are owned by various companies in distinctive sections of the earth. Disney Songs Team has ownership of the rights in North America, whilst the group’s very own Queen Productions Ltd. and Queen Audio Ltd. have ownership of the recording and publishing catalogs in the relaxation of the globe, respectively.

Examine Far more: Why Musical Artists Are Promoting Their Catalog Legal rights

If Queen and Sony arrive to an settlement, they are going to be a single of many enormous rock artists who’ve bought their catalog in current years. In April, KISS marketed their new music catalog, title, image and logo to Pophouse Leisure Group. The team was apparently compensated $300 million in the offer.

Motley Crue, Neil Younger, Bob Dylan, ZZ Prime and the recent lineup of Alice In Chains — Jerry Cantrell, Sean Kinney, Mike Inez and William DuVall — have all marketed their catalogs in the final number of several years as effectively.