By Daniel Kreps,, Rolling Stone | After years of in-fighting and near-agreements, Pink Floyd have finally reached a deal to sell the rights to their recorded music catalog to Sony Music, according to the Financial Times. The deal is reported to be worth around $400 million and also includes the rights to the band’s name and likenesses. That means, along with gaining full control over Pink Floyd’s music, Sony will have the crucial rights for most things Pink Floyd-related, from merch to movies.
A rep for Sony Music declined to comment. A source confirmed the veracity of the details to Rolling Stone.
In an interview with Rolling Stone in August, Gilmour confirmed that the band was “in discussion” about a potential catalog sale, with the guitarist adding he was tired of the continued in-fighting and “veto system” that has resulted in animosity and delayed reissues over petty issues like liner notes.
“To be rid of the decision-making and the arguments that are involved with keeping it going is my dream,” Gilmour said of a catalog sale. “If things were different… and I am not interested in that from a financial standpoint. I’m only interested in it from getting out of the mud bath that it has been for quite a while.”
With the Sony deal in place, the label – and not the band – will now bear the responsibility for the next Pink Floyd release, a 50th-anniversary edition of Wish You Were Here that is expected to arrive in 2025.
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Here is the rest of the deal:
https://www.msn.com/en-us/music/news/grab-that-cash-pink-floyd-pause-infighting-to-sell-recorded-music-catalog-for-400-million/
Photo: Pink Floyd, The Wall album cover