Pink Floyd have offered their catalog to Sony Music for $400 million after a number of years of band in-fighting and close to agreements, the Monetary Instances reviews.
Notably, the deal contains Pink Floyd’s recorded music rights, however not their publishing. Nonetheless, the band has signed over their identify and likeness, giving the label rights to merch and potential film and TV spinoffs.
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It closes simply weeks after David Gilmour admitted to Rolling Stone that it might be a “dream” to promote Pink Floyd’s catalog and get out of the “mud tub” — presumably referencing his longtime contentious relationship with former bandmate Roger Waters. Final month, it was reported Pink Floyd was in “superior talks” with Sony for a $500 million deal.
Pink Floyd first tried to promote their catalog in 2022, however these discussions have been placed on maintain amidst band in-fighting and Waters’ incendiary feedback about Ukraine and Israel. Again then, Sony was among the many potential consumers alongside Warner Music, BMG, and Hipgnosis.
The catalog acquisition is Sony’s newest large take care of a legacy artist. Earlier this 12 months, Queen’s catalog and likeness rights fetched a reported $1.27 billion.
In the meantime, Gilmore is out on a restricted tour of the US, Europe, and the UK (get tickets right here) in assist of his new solo album, Luck and Unusual.
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