According to reports by the Financial Times, Pink Floyd have put aside years of in-fighting to finally come to an agreement on a deal to sell the rights to their recorded music catalog to Sony Music. The deal is apparently worth around $400 million, and the arrangement also includes Sony acquiring the rights to Pink Floyd’s name and likenesses. Back in August, David Gilmour revealed that the band was “in discussion” about a potential catalog sale at the time. “To be rid of the decision-making and the arguments that are involved with keeping it going is my dream,” Gilmour said. “I am not interested in that from a financial standpoint. I’m only interested in it from getting out of the mud bath that it has been for quite a while.” While Sony now owns Pink Floyd’s recorded music catalog, the band still retains their publishing catalog and ownership of their song lyrics. (Rolling Stone)
According to reports by the Financial Times, Pink Floyd have put aside years of in-fighting to finally come to an agreement on a deal to sell the rights to their recorded music catalog to Sony Music. The deal is apparently worth around $400 million, and the arrangement also includes Sony acquiring the rights to Pink…