There are also practical benefits to outsourcing your music catalog. “A lot of work goes into managing music rights, especially if you want to make a lot of money. If you can outsource to someone you trust, a huge weight will be lifted off your shoulders. These deals also have strings attached to them.” To them: These rights are not simply transferred.”
In addition to property rights that generate money, the moral rights to a work of art always remain with the artist or musician in question. “That’s why artists can always demand that their music not be used in a political context. Or that they never be associated with specific brands or companies in an advertising context.”
It is difficult to predict how much money Queen’s catalog rights will generate in the future. “It depends on where the music sector develops. Who knows what new forms of music exploitation will emerge? Maybe in a few years a virtual Queen concert will be organized at The Sphere sphere in Las Vegas.”
“There are no real risks associated with selling a music catalogue, because you as an artist always determine the terms of the contract you enter into. The same applies to music companies: the more they have in their portfolio, the stronger their negotiating position within the sector.”
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