Queen Catalog Being Sold to Sony Music for $1.27B

TOPSHOT - A file picture taken on September 18, 1984 showing Rock star Freddie Mercury, lead singer of the rock group "Queen", during a concert at the Palais Omnisports de Paris Bercy (POPB). (Photo by JEAN-CLAUDE COUTAUSSE / AFP) (Photo by JEAN-CLAUDE COUTAUSSE/AFP via Getty Images)

Photo: JEAN-CLAUDE COUTAUSSE / AFP / Getty Images

Queen has sold its catalog to Sony Music for a massive payday of $1.27 billion.

The catalog deal is one of the largest of all time.

This sale, however, does not include live performance revenue, which will be retained by Brian May and Roger Taylor.