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British rock band Pink Floyd has reportedly sold its recorded music catalog, along with its name and image rights, to Sony Music for $400 million.
Sources told Variety that the legendary rock band reached an agreement after decades of fighting between the band members. According to the outlet, this deal only includes the rights to recorded music, not songwriting.
Pink Floyd’s music catalog is one of the most valuable in contemporary music, featuring albums such as “Dark Side of the Moon,” “The Wall,” “Wish You Were Here,” “Animals,” “Meddle,” and “Piper at the Gates.” “. Al-Fajr” and “More”.
Pink Floyd has reportedly reached a deal to sell its recorded music catalog for $400 million. (Getty Images/Getty Images)
According to the outlet, Sony has spent more than $1 billion on music catalogs, from Bob Dylan to Bruce Springsteen.
PINK FLOYD members reunite to record a song for Ukraine
Pink Floyd did not immediately respond to FOX Business’ request for comment.
Pink Floyd’s music catalog has reportedly been in the works for years. Variety reported that the band almost closed a deal in 2022 for $500 million, but infighting among band members killed the deal.
Roger Waters, Nick Mason, Syd Barrett and Rick Wright from Pink Floyd. (Keystone Features/Getty Images/Getty Images)
Specifically, Roger Waters’ comments Against Israel and Ukraine Russia’s preference also made it difficult to complete the deal, according to Variety.
Nick Mason, Rick Wright, Syd Barrett and Roger Waters of Pink Floyd, 1967. (Michael Oakes Archive/Getty Images/Getty Images)
In 2022, Pink Floyd released their first single New music In almost three decades to raise money for the people of Ukraine. “Hey Hey Rise Up” features Pink Floyd members David Gilmour and Nick Mason, with vocals by Ukrainian singer Andriy Khlyvnyuk from the band BoomBox.
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Pink Floyd was Founded in London in the mid-1960s and helped shape the UK psychedelic scene before releasing influential albums in the 1970s such as “The Dark Side of the Moon”, “Wish You Were Here” and “The Wall”.
David Gilmour and Roger Waters in 2010. (Dave M. Bennett/CI Getty Images Entertainment/Getty Images)
Waters, an original member, resigned in 1985, and the remaining members of Pink Floyd last recorded together in 1994 for the album “The Division Bell.”
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