The statue, revealed after an 8-year effort by a Queen superfan, is the second such depiction of the late singer approved by the band's label.
Accompanied by just a piano, the late Queen frontman sings a simpler version of the track he recorded as a solo artist with British musician, songwriter and producer Dave Clark.
John could not hide his joy at the reception, hugging the cast and his longtime lyricist and friend Bernie Taupin, who is a major character the film.
Diversity, though, was the biggest winner when a black filmmaker won his first competitive Oscar, a superhero blockbuster set in Africa scored big, and two black actors and an Egyptian first-generation American won three of the four acting prizes.
The song overtook the likes of Nirvana's "Smells Like Teen Spirit," and Guns N' Roses' "Sweet Child O'Mine" after an autobiographical movie about the band's lead singer Freddie Mercury brought the 1975 hit to a new generation.
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