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Pink Floyd has sold the rights to their recorded music, name and likeness to Sony for $400 million!
Pink Floyd has sold the rights to their recorded music, name and likeness to Sony for $400 million Read More: Pink Floyd Sells Music and Likeness Rights for $400 Million
Somewhere, David Gilmour is apparently relieved.
Financial Times and Digital Music News confirmed the long-gestating deal. Expect Pink Floyd songs to begin appearing more often through licensing agreements in movies, TV shows, gaming and other media.
Pink Floyd was among the last big-name classic rock acts to sell, following other failed attempts to forge an agreement between long-feuding bandmates Gilmour and Roger Waters. One sticking point was reportedly the deal’s tax structure. Bidders were said to include Warner Music, Hipgnosis and BMG.
READ MORE: Ranking Every Pink Floyd Live Album
In the meantime, Gilmour openly admitted that he wanted to sell. “To be rid of the decision-making and the arguments that are involved with keeping it going is my dream,” Gilmour said. “If things were different … and 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.”
Read More: Pink Floyd Sells Music and Likeness Rights for $400 Million
CREDIT: UCR
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