After years of internal disputes and stalled negotiations, Pink Floyd has reportedly reached a significant agreement to sell the rights to their recorded music catalog to Sony Music, according to the Financial Times. The deal, valued at approximately $400 million, includes not only the band’s music but also the rights to their name and likeness, granting Sony control over all Pink Floyd-related endeavors, from merchandise to film projects.A representative from Sony Music declined to comment on the deal. However, a source confirmed the details to Rolling Stone. In an interview with the publication in August, band member David Gilmour mentioned that discussions regarding a catalog sale were ongoing, expressing his frustration with the band’s internal conflicts and the “veto system” that has hindered reissues over trivial matters like liner notes. “To be rid of the decision-making and the arguments that are involved with keeping it going is my dream,” he stated. “I’m 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 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.”
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