Queen's music is now worth - a billion dollars!

MBW goes into some fun music math regarding Queen: the British rock band generated £41.95 million ($58.1 million) in 12 months prior to September 2020, with royalties amounting to £41.67 million ($57.7 million). In FY2019 (the 12 months to the end of September 2019), Queen Productions Ltd generated £72.77 million ($100.8m), of which £71.53 million ($99m) was from royalties. On the other hand, Hipgnosis Songs Fund takes 18 multiple as a reasonable reflection of the market value of gold-standard music publishing rights today. In the past three years, according to Queen Productions Ltd, the band’s rights have generated some £134.5 million ($186 million) in royalties. That’s an average across these three years of $62 million per annum. So, an 18 multiple on $62 million would make Queen’s royalty-bearing rights worth - $1.1 billion today.