British rock band Pink Floyd has agreed to sell their recorded-music and name-and-likeness rights to Sony Music for approximately US$400 million (RM1.682 billion). The deal, one of the largest of many in recent years, comes after decades of infighting between band members.
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The deal, one of the largest of many in recent years, has apparently finally concluded despite decades of ongoing infighting and bitter exchanges between band members, namely chief songwriters Roger Waters and David Gilmour; as well as drummer Nick Mason and the estates of keyboardist Richard Wright and founding singer-songwriter Roger “Syd” Barrett.
Most if not all of the iconic artwork on their albums, which was largely designed by the British firm Hipgnosis, is included, reportedFinancial TimesSony has spent more than a billion dollars on catalogues from Bruce Springsteen, Bob Dylan and Queen’s non-North American rights in the past few years , and has never officially comment on deals.
Infighting between the band’s members — primarily over main songwriter Waters’ controversial political statements against Israel and Ukraine, and in favor of Russia — complicated the deal and supposedly cost him his solo record deal, apart from devaluing the catalogue.that he was interested in a sale less for financial reasons than “to be rid of the decision making and the arguments that are involved with keeping it going,” which he described as “my dream.
Pink Floyd Sony Music Music Rights Deal Band Members Infighting
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