than Miller, Getty Images The 2013 CMT Music Awards will feature performances…
- Posted on May 10th 2010 8:15AM by Julian Marszalek
A report in The Times of London newspaper suggests that a new deal is already in place, with Universal offering the surviving members of the band -- guitarist Brian May, drummer Roger Taylor and bassist John Deacon -- a figure understood to be worth tens of millions of pounds to secure the rights to their highly lucrative back catalogue.
According to one industry insider who spoke to the newspaper, the move is primarily motivated by money and the kinds of amounts that EMI would have difficulty in securing. The source was quoted saying, "EMI just decided they couldn't compete. It was too much to pay and they want to spend that money on developing new talent."
Queen have been with EMI in the UK for almost 40 years and their 'Greatest Hits' collection is the UK's highest selling album, shifting 5.4 million copies. The band split after the death of singer Freddie Mercury in 1992. May and Taylor released 'The Cosmos Rocks' album with former Free and Bad Company singer Paul Rodgers under the name Queen + Paul Rodgers in 2008.
Get to know Queen with the 'Becoming Queen' documentary film, courtesy of our friends at SnagFilms.