But according to Rudi Dolezal, a filmmaker who directed videos for Queen (including "Good Old-Fashioned Lover Boy" and 'I'm Going Slightly Mad'), there are still many more yarns to be told and for that reason, a follow-up film is "being heavily discussed in the Queen family".
Speaking to Page Six, Dolezal said he reckons the band's manager Jim Beach, who produced the flick, is keen to make "a sequel that starts with Live Aid". We probably (definitely) haven't seen the last of Freddie Mercury's story on the big screen.
Bohemian Rhapsody has made more than $870 million worldwide and won four Oscars last month. The sequel would depict Queen's post-Live Aid career, which included filming a number of music videos with Dolezal, including "One Vision".
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"Bohemian Rhapsody" ends with the band's legendary performance at 1985 benefit concert Live Aid with singer Freddie Mercury reconciling with his bandmates and revealing the news to them that he has contracted HIV.
The film was a global smash hit past year, earning $876m (£669m) at the worldwide box office, becoming the most successful music biopic of all time. Queen guitarist Brian May similarly teased such a project in an interview late previous year, saying, "I think Live Aid is a good point to leave it. Who knows, there might be a sequel", May told Classic Rock. The first movie grossed nearly $900 million worldwide, becoming the top grossing music biopic of all time, and it won for Oscars last month, including Best Actress for Rami Malek. After all, the band did distance themselves from Sacha Baron Cohen's original biopic project.