British rock legends Queen are nearing a record-shattering $1.2 billion sale of their entire music catalog – defying a slump in song valuations since a string of megadeals during the pandemic.The surviving band members and 's estate are in advanced talks to sell their recordings, publishing rights and royalty streams for more than double the current record set by , who sold the rights to his music for $550 million in 2021.Springsteen's deal was inked before a string of other artists including , and , also bagged hundreds of millions of dollars for their own collections. But the market has cooled since and some major investors have devalued their song collections by as much as 14 percent.
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