With the Sony agreement finalized, the label will now manage the next Pink Floyd release, a 50th-anniversary edition of Wish You Were Here, set to launch in 2025. This development comes 18 months after the band attempted to finalize a $500 million deal that ultimately fell through due to ongoing disagreements among band members, with sources indicating that the previous negotiations had become “basically dead” by March 2023.

The issues surrounding that earlier deal included complex factors like interest rates, tax implications, the fluctuating British pound, and concerns that Roger Waters’ controversial political statements could devalue the music. Notably, the Sony deal pertains only to Pink Floyd’s recorded music catalog, allowing the band to retain ownership of their publishing catalog, which includes Waters’ iconic lyrics, such as “Money/It’s a crime/Share it fairly, but don’t take a slice of my pie.”