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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.

Bitcoin Surges 23% In A Week As Investor Optimism Returns

Bitcoin was on track for a weekly gain of around 23% on Friday as a series of positive macroeconomic and policy developments boosted investor sentiment.

The cryptocurrency was trading about 6% higher at roughly $77,000, up from around $62,800 at the start of the week. Crypto-related stocks also rallied, with Coinbase and Circle gaining more than 9%, while Strategy rose 7%.

Macro Factors Fuel Rally

Bitcoin’s latest surge began Wednesday after Treasury yields fell sharply following a major intervention by the U.S. Treasury in the bond market. Lower yields eased pressure on risk assets and helped trigger a broader move into cryptocurrencies.

The rally was further amplified by a major short squeeze. Around $2.7 billion in crypto short positions were liquidated, according to CoinGlass.

Max Stuedlein, head of Partnerships at Sygnum APAC, said the move reflected an alignment of macroeconomic and policy catalysts, including the Treasury’s decision to increase buybacks of longer-dated government debt.

Clarity Act Boosts Sentiment

Investor confidence improved further on Thursday as the White House and crypto industry leaders made a final push to advance the Clarity Act in the coming weeks.

The legislation is widely viewed as a potential catalyst for the crypto market, although its chances of passing remain relatively limited.

Despite the rally, bitcoin remains well below its 2026 high of $94,820 reached in January and its all-time high of $126,198, set last October.

Analysts See More Volatility Ahead

Lucy Gazmararian, founder and managing partner at Token Bay Capital, said the crypto market may be approaching the end of its bear cycle.

She expects bitcoin could experience one more decline of around 20% before the market turns, pointing to historical cycles and the recent liquidation of heavily leveraged short positions.

Gazmararian also described bitcoin as a long-term hedge against monetary debasement, while warning that its short-term price remains highly volatile and driven by market cycles.

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