Pink Floyd recorded music catalog sold for $400M
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British rock band Pink Floyd has reportedly sold its recorded music catalog, including the rights to its name and likeness, to Sony Music for $400 million.
Sources told Variety that the legendary rock band came to an agreement after decades of infighting between band members. According to the outlet, the deal only includes recorded music rights, not songwriting.
Pink Floyd's music catalog is one of the most treasured albums in contemporary music such as “Dark Side of the Moon,” “The Wall,” “Wish You Were Here,” “Animals,” “Medal,” “Piper at the Gates of Dawn” and ” More.”
Pink Floyd has reportedly reached a deal to sell its recorded music catalog for $400 million. (Getty Images / Getty Images)
According to the outlet, Sony has spent more than $1 billion on music catalogs ranging from Bob Dylan to Bruce Springsteen.
Pink Floyd members reunite to record song for Ukraine
Pink Floyd did not immediately respond to Fox Business' request for comment.
Pink Floyd's music catalog has reportedly spanned the years. Variety reported that the band nearly closed on a $500 million deal through 2022, but infighting between band members destroyed the deal.
Roger Waters, Nick Mason, Syd Barrett and Rick Wright of Pink Floyd. (Keystone Features/Getty Images/Getty Images)
In particular, Roger Waters' comments against Israel and Ukraine and his pro-Russia stance made it difficult to close the deal, according to Variety.
Nick Mason, Rick Wright, Syd Barrett and Roger Waters of Pink Floyd, 1967. (Michael Ochs Archives/Getty Images/Getty Images)
In 2022, Pink Floyd released its first new music in nearly three decades to raise money for the people of Ukraine. “Hey Hey Rise Up” features the vocals of Pink Floyd members David Gilmour and Nick Mason, Ukrainian singer Andrii Khlivniuk of the band Boombox.
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Pink Floyd formed in London in the mid-1960s and helped shape the UK psychedelic scene before releasing influential 1970s albums such as “The Dark Side of the Moon,” “Wish You Were Here” and “The Wall.”
David Gilmour and Roger Waters in 2010. (Dave M. Bennett/CI Getty Images Entertainment/Getty Images)
Waters, an original member, resigned in 1985 and the remaining members of Pink Floyd last recorded together in 1994 for the album “The Division Bell”.
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