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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.
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. While reps for the bandmembers and Sony declined or did not respond to requests for comment, the Financial Times, which first reported this latest iteration of the sale, wrote of it as fact and sources familiar with the situation confirmed the deal to Variety. Sony has spent more than a billion dollars on catalogs from Bruce Springsteen, Bob Dylan and Queen’s non-North American rights in the past few years (with backing from investment firms like Eldridge Industries), and has never officially comment on the deals.
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