The negotiation with Sony Music maintains the composition rights only with the band’s musicians
Pink Floyd has concluded the sale of its music catalogue, as well as its name and image, to Sony Music for approximately $400 million. The negotiation involved members David Gilmour, Nick Mason and Roger Waters, as well as the estates of keyboardist Richard Wright and founder Roger “Syd” Barrett.
Details of the agreement
The contract includes rights to the recordings, merchandise and use of Pink Floyd’s name and likeness. The deal does not include songwriting rights, which belong to the individual musicians. Among the classic albums present in the catalog sold are “The Dark Side of the Moon”, “The Wall” and “Wish You Were Here”, works that stand out as among the most precious of contemporary music.
Internal conflicts and sales challenges
The sales process was complicated by disputes between band members, particularly between Roger Waters and David Gilmour. In an interview with Rolling Stone, Gilmour considered the sale a relief, describing his interest in the business as a way to step away from band-related discussions and decisions.
Sony’s moves in the music market
In recent years Sony Music had already spent more than 1 billion dollars to acquire the catalogs of great artists such as Bruce Springsteen, Michael Jackson, Bob Dylan and the rights outside the United States of the band Queen. The acquisition of Pink Floyd’s catalog is another important move by the record company in the music and entertainment market.
Source: Terra
Earl Johnson is a music writer at Gossipify, known for his in-depth analysis and unique perspective on the industry. A graduate of USC with a degree in Music, he brings years of experience and passion to his writing. He covers the latest releases and trends, always on the lookout for the next big thing in music.
