Pink Floyd has reportedly agreed to sell their recorded music, name and likeness to Sony Music for a whopping $400 million.
Officials confirmed that the agreement is solid. variety. The iconic British rock band, which owns one of the most valuable collections in modern music, was involved in negotiations with Sony for several years before they were able to find common ground. Their classic albums, including “Dark Side of the Moon,” “The Wall,” “Wish You Were Here,” “Meddle” and “Animals,” are among a long list likely to be included in the sale, according to Variety. It is said to be included in
GLASGOW, SCOTLAND – JUNE 2: Roger Waters performs on stage at OVO Hydro on June 2, 2023 in Glasgow, Scotland. (Photo by Roberto Ricciuti/Redferns) Getty Images
This is one of the largest deals Sony has made in recent years. The reported agreement includes the rights to the recorded music, but not the songwriting copyright, which is still held by each writer.
The band's members, particularly principal songwriters Roger Waters and David Gilmour, had been at odds for quite some time over contract details. According to Variety, the estates of Nick Mason and keyboardist Richard Wright, as well as founding singer-songwriter Roger Barrett, were also involved in negotiations.
Pink Floyd's music catalog was close to being sold to Sony in 2022, but the deal fell through. The famous rock band had originally asked for $500 million. According to Variety, at the time of the meeting, Waters made some highly controversial political statements about Israel and Ukraine and expressed support for Russia, which Russia said was against many people who were part of the deal. It is said that it scared the people. This statement ended up devaluing the agreement negotiations.
Sony has made a number of big-ticket acquisitions with major artists, spending more than $1 billion to acquire catalogs from big stars such as Bruce Springsteen, Bob Dylan and Queen, who sold rights outside North America to music companies. I've spent it. (Related: Court approves $600 million sale of Michael Jackson catalog amid family drama)
Neither Sony nor Pink Floyd have issued any public comments addressing or confirming the sale.
