Pink Floyd has reportedly reached an agreement with Sony to sell their music catalog and name and likeness for approximately $400 million.
According to the Financial Times, which first reported news of the deal on Tuesday, the British rock band has agreed to sell its recorded music catalog, name and likeness rights, but not the rights to produce its songs. He said he agreed. On that matter.
The deal, described by Variety on Wednesday as “one of many in recent years,” comes after years of controversy among the surviving band members over details of the sale and controversial comments by the band’s co-members. This came after there were reports of feuds and internal conflicts. -Founder and bassist Roger Waters also reportedly complicated the contract process.
Last month, Variety reported that Pink Floyd and Sony were working on a deal.
As of Wednesday morning, Sony had not issued a statement regarding the reported deal or responded to comments, according to the Financial Times. The band’s guitarist, David Gilmour, also did not respond to a request for comment, and Waters could not be reached.
In 2022, Variety reported that Pink Floyd was looking to sell its recorded music and other assets for up to $500 million. Sources told the publication that some of the charges came after Waters made controversial comments about Israel, Ukraine, Russia and the United States in a 2022 interview with Rolling Stone. Potential buyers were reportedly hesitant.
Waters said in a statement that Russia’s invasion of Ukraine in 2022 is “not without cause.” Russia invited Waters to address the UN Security Council in early 2023, where he reiterated his claims.
In March 2023, four sources claimed to Variety that the band’s $500 million catalog distribution rights were “essentially wiped out” due to a dispute between the surviving band members. However, a source close to the band at the time denied this claim.
Later that year, Waters was investigated by Berlin police over the Nazi-style uniform he wore at a concert there. In the same year, he won a legal battle that allowed him to hold a concert in Frankfurt, Germany, after the city tried to cancel it following accusations of anti-Semitism.
The city called Waters “one of the most widely known anti-Semites in the world,” and reportedly wore a pig-shaped statue depicting David’s star and various corporate logos on previous tours. They reportedly objected to his concert because of the balloon appearance. as part of a stage show.
Get music news, bold reviews, and unexpected extras. Every genre, every era, every week.
Privacy Notice: Newsletters may include information about charities, online advertising, and content sponsored by external parties. Please see our Privacy Policy for more information. We use Google reCaptcha to protect our website and are subject to the Google Privacy Policy and Terms of Service.
After newsletter promotion
Mr. Waters has always denied accusations of anti-Semitism.
In early 2024, it was reported that Waters had been removed as a solo artist by music copyright company BMG, which signed him in 2016, due to his comments regarding Israel, Ukraine, and the United States.
Pink Floyd’s catalog of recorded music is one of the most valuable in modern music, Variety reports. The band’s most famous albums include The Wall, Dark Side of the Moon, Wish You Were Here, and Animals.
In recent years, notable artists such as Bruce Springsteen, Bob Dylan, Justin Timberlake, Shakira, and Red Hot Chili Peppers have sold their music catalogs to various music labels. Earlier this year, it was reported that Sony was in talks to purchase Queen’s catalog.
