Queen's Golden Era: Band's Profits Hit $101 Million Mark in Just Two Years Amid Epic World Tour

In just two years, Queen has amassed an impressive $101.8 million in profits through their legendary world tour, showcasing their enduring appeal to audiences across the globe.

Even years after the passing of their lead singer, Freddie Mercury, the band's recent financial records demonstrate that they are still dominating stages worldwide.

Surviving members Brian May, Roger Taylor, and John Deacon collectively earned $112 million in profits over 2021 and 2022.

Major Financial Achievement For Queen

The band members of Queen Productions Ltd rewarded themselves a total of $37.9 million in earnings. The dividend for the year 2022 amounted to $16.3 million a decrease from the previous year's $21.5 million with the funds distributed among them as directors.

In the recent financial disclosure of 2022, it was reported that the band's pre-tax earnings surged to $28 million from $21.2 million in the previous fiscal year.

Per the Mirror, "This can be attributed in part to the success of the We Will Rock You theatre production UK tour as well as an increase in license fees on live music touring."

In the most recent report, the net profit margin surged by 11%, thanks to a rise in revenue paired with a drop in royalties owed.

As the findings indicate, the band can anticipate a steady income stream for the foreseeable future.

According to the document, "Given the success of [the film] Bohemian Rhapsody and We Will Rock You in recent years, it is anticipated the company will generate similar income in the year ended September 30 2023 and in the years thereafter."

In 2022, the turnover reached an impressive $61.6 million significantly increasing from the $49.1 million turnover recorded in 2021.

Queen's Whopping Tour

The collaboration between Queen's Brian May and Roger Taylor with Adam Lambert began during their 2012 tours and has flourished, leading to many successful performances over the past decade.

In 2022, the company generated a turnover of $62.9 million surpassing the $49.4 million turnover in 2021.

Their highly-praised "Rhapsody Tour" kicked off in 2019 with 26 remarkable performances throughout North America. Now, they are returning with a grander and more spectacular show.

Brian said of the show, "We're still calling our show The Rhapsody Tour, but the content has evolved from when you last saw it."

"New toys, new takes, but all the hits and more."

Tags

Queen, Freddie Mercury, Brian May, Adam Lambert