Pink Floyd Sells Music Catalog to Sony for $400 Million
The deal grants Sony rights to the band's recorded music and likeness, marking the end of long-standing internal disputes.
- The agreement includes Pink Floyd's recorded music rights, name, and likeness but excludes songwriting rights, which remain with the band members.
- The sale follows years of internal conflicts among band members, primarily between David Gilmour and Roger Waters, over the catalog's future.
- Sony now holds the rights to produce merchandise, movies, and TV shows related to Pink Floyd, leveraging the band's iconic status.
- The deal is part of Sony's broader strategy to acquire valuable music catalogs, having previously purchased rights from artists like Bruce Springsteen and Bob Dylan.
- Roger Waters' controversial political statements reportedly complicated earlier negotiations, contributing to delays in finalizing the sale.