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Pink Floyd Sells to Sony for $400M — A Landmark Deal in Music History
A Monumental Move — Iconic Band’s Legacy & Impact on the Industry
Iconic Band’s Legacy & Impact on the Industry
In a monumental move, legendary rock band Pink Floyd has sold their recorded music catalog, along with name &) likeness rights, to Sony Music for approximately $400 million. This deal marks one of the largest transactions of its kind, reflecting a strong trend in the music industry.
The Deal’s Scope & Challenges
The comprehensive agreement with Sony includes Pink Floyd’s recorded music rights, name & likeness, album artwork, merchandise & potential theatrical & film rights. However, songwriting rights remain with the individual band members. Negotiations were challenging due to internal conflicts, particularly between David Gilmour & Roger Waters.
Waters’ controversial comments reportedly devalued the catalog, lowering the sale price from an initial $500 million. These disputes had previously stalled a near-closed deal in 2022.
