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Pink Floyd sells entire catalogue to Sony Music for $400M ending years of bitter in-fighting over band's legacy
The Grammy-winning psychedelic group have sold over 250M records worldwide and four of their albums managed to top the US Billboard 200 chart
However, Sony Music - which did similar deals with Queen, Bob Dylan, and Bruce Springsteen- will not retain the copyrights of the songwriting but it will have the rights to merchandise and film/TV spin-offs, Financial Times reported Tuesday. This, two years after a tax structure dispute between surviving Pink Floyd members - as well as founding bassist Roger Waters' controversial comments against Israel and Ukraine - derailed a planned $500M sale to bidders like Hipgnosis, Warner Music, and BMG. This, two years after a tax structure dispute between surviving Pink Floyd members - as well as founding bassist Roger Waters' (M, pictured in 2023) controversial comments against Israel and Ukraine - derailed a planned $500M sale to bidders like Hipgnosis, Warner Music, and BMG
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