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They Are the Champions: Sony Music Secures Queen’s Recording And Publishing Rights

Sony Music has triumphed in the battle for Queen’s recording and publishing rights, along with their associated revenue streams, including those from the Disney deal. House Stringer and Platt reportedly clinched the winning bid at a staggering 1 billion pounds sterling.

Disney, which has held the recording rights in North America since a $10 million deal in 1990, has been paying substantial royalties to Queen—these will now be directed to Sony under the new arrangement. Similarly, revenue from the licensing deal with UMG for the rest of the world will flow to Sony when that agreement expires in 2026 or 2027, making Sony Music Entertainment the global distributor and owner of all Queen content.

Sony Music Publishing currently manages the catalog, and while this deal has a long term, all resulting income will now benefit Sony.

Additionally, Sony’s significant investment includes acquiring name and likeness rights, paving the way for potential Broadway shows and other brand monetization opportunities (Bohemian Rap-Soda, anyone?).

The only revenue not covered by this massive agreement will be from live performances, which will continue to be generated by the two surviving band members, Brian May and Roger Taylor.

Digital Transactions: A Green Approach To Finance In Cyprus

As Cyprus increasingly embraces digital transactions, the environmental benefits of this shift are becoming evident. A recent report highlights that digital payments significantly reduce the carbon footprint associated with traditional banking operations. By decreasing the reliance on physical branches, paper-based processes, and the transportation of cash, digital transactions are contributing to a more sustainable financial ecosystem. This transition is in line with global initiatives to combat climate change and underscores Cyprus’ commitment to promoting a cleaner, more efficient financial landscape.

Digital transactions are not only more convenient and efficient but also significantly less resource-intensive. Traditional banking often involves extensive paperwork, the use of physical infrastructure, and the transportation of money, all of which contribute to higher carbon emissions. In contrast, digital transactions streamline these processes, resulting in lower energy consumption and reduced waste.

The environmental advantages of digital transactions are complemented by their economic benefits. By lowering operational costs and enhancing transaction speed and security, digital payments provide a compelling case for broader adoption. This shift supports sustainable development goals and aligns with the global push towards greener, more resilient economies.

Furthermore, the widespread adoption of digital transactions in Cyprus is expected to drive innovation within the financial sector. With the integration of advanced technologies such as blockchain and artificial intelligence, the digital financial landscape is set to become even more efficient and secure. These innovations not only enhance user experience but also contribute to environmental sustainability by further reducing the need for physical resources.

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