Pink Floyd reaches deal with Sony to sell music catalog for $400m – report
Pink Floyd has reportedly reached a deal with Sony to sell their music catalog, as well as their name and likeness, for about $400m.
The British rock band agreed to sell the rights to their recorded music catalog, their name and their likeness, but not the rights to their songwriting, according to the Financial Times, who first reported the news of the deal on Tuesday, citing two people familiar with the matter.
The agreement, described by Variety on Wednesday as “one of the largest of many in recent years”, comes after years of reported feuding and infighting between the surviving band members over the sale details, as well as about controversial comments made by the band’s co-founder and bassist, Roger Waters, which also reportedly complicated the deal process.
As of Wednesday morning, Sony had not released a statement or responded to a comment on the reported deal, according to the Financial Times. David Gilmour, the band’s guitarist, had also not responded to a request for comment, and Waters could not be reached.
