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Pink Floyd Sells Music Rights to Sony for $400 Million
Despite decades of infighting and years of false starts, the members of Pink Floyd have agreed to sell music rights to Sony Music for $400 million.
variety.com
After years of false starts, the iconic British rock band Pink Floyd has agreed to sell their recorded-music and name-and-likeness rights to Sony Music for approximately $400 million, sources confirm to Variety.
The deal, one of the largest of many in recent years, apparently has finally concluded despite decades of ongoing infighting and bitter words between the bandmembers, notably chief songwriters Roger Waters and David Gilmour; also involved are drummer Nick Mason and the estates of keyboardist Richard Wright and founding singer-songwriter Roger “Syd” Barrett. The deal comprises recorded-music rights but not songwriting, which is held by the individual writers, as well as name-and-likeness, which includes merchandise, theatrical and similar rights. While Pink Floyd was famously anonymous as personalities, presumably most if not all of the iconic artwork on their albums, which was largely designed by the British firm Hipgnosis, is included.
would have never thought they would agree on anything let alone sell their music.Pink Floyd Sells Music Rights to Sony for $400 Million
Despite decades of infighting and years of false starts, the members of Pink Floyd have agreed to sell music rights to Sony Music for $400 million.
After years of false starts, the iconic British rock band Pink Floyd has agreed to sell their recorded-music and name-and-likeness rights to Sony Music for approximately $400 million, sources confirm to Variety.
The deal, one of the largest of many in recent years, apparently has finally concluded despite decades of ongoing infighting and bitter words between the bandmembers, notably chief songwriters Roger Waters and David Gilmour; also involved are drummer Nick Mason and the estates of keyboardist Richard Wright and founding singer-songwriter Roger “Syd” Barrett. The deal comprises recorded-music rights but not songwriting, which is held by the individual writers, as well as name-and-likeness, which includes merchandise, theatrical and similar rights. While Pink Floyd was famously anonymous as personalities, presumably most if not all of the iconic artwork on their albums, which was largely designed by the British firm Hipgnosis, is included.
