Pink Floyd has reportedly agreed to sell the rights to its significant music catalog as well as its name and image as a band to Sony Music for $400 million this week.
The Grammy-winning psychedelic group has sold more than 250 million records worldwide and four of their albums (The Dark Side of the Moon, Wish You Were Here, The Wall and Atom Heart Mother) managed to top the Billboard 200 chart. USA.
However, Sony Music, which made similar deals with Queen, Bob Dylan and Bruce Springsteen, will not retain copyrights to the composition, but will have rights to the merchandise and film and television spin-offs. Financial times reported on Tuesday.
This, two years after a dispute over the tax structure between the surviving members of Pink Floyd, as well as founding bassist Roger Waters’ controversial comments against Israel and Ukraine, derailed a planned $500 million sale to bidders including Hipgnosis, Warner Music and BMG.
For example, the outspoken 81-year-old said of Israel’s treatment of Palestine “the parallels with what happened in the 1930s in Germany are so overwhelmingly obvious” and suggested that the October 7 Hamas attack may have been a “false flag operation.” ‘
Pink Floyd reportedly agreed to sell the rights to their significant music catalog, as well as their name and image as a band, to Sony Music for $400 million this week (pictured in 2005).
The Grammy-winning psychedelic group has sold more than 250 million records worldwide and four of their albums (The Dark Side of the Moon, Wish You Were Here, The Wall and Atom Heart Mother) managed to top the Billboard 200 chart. USA (pictured in 1971). )
In January, BMG officially separate paths with Roger, who claimed that Russia’s 2022 invasion of Ukraine was “not unprovoked” while speaking to the United Nations Security Council last year.
Waters also said rolling stone in 2022 that the United States is ‘the most evil (country) of all by a factor of at least 10 times’ and that Jews in the United States and the United Kingdom are responsible for Israel ‘because they pay for everything.’
Aside from Roger, the complicated deal involved guitarist and keyboardist David Gilmour, founding drummer Nick Mason and the estates of late founding keyboardist Richard Wright and late founding frontman Roger ‘Syd’ Barrett.
Last month, Gilmour confirmed to Washington Post that the sale was in process.
“The reason I want to do it is because I don’t want to burden my children with all that legacy,” lamented the 78-year-old father of eight.
“And I’m also sick of the burden of caring for that damn legacy for the last almost 40 years with the bullshit and arguments that follow.” And I just want to be stripped of it.
When asked if he was worried about future AI or hologram versions of Pink Floyd, David scoffed: “No. I’ll be dead. Who cares what anyone does?”
Gilmour is scheduled to bring his 21-date Luck and Strange tour to Italy’s Circo Massimo in Rome this Wednesday and Thursday.
Pink Floyd released their 50th anniversary box set of The Dark Side of the Moon last year, and it still regularly racks up 18.3 million monthly listeners on Spotify.
The British rock band, which last reunited in 2005 for Live 8 London, was inducted into the Rock and Roll Hall of Fame in 1996 and released its fifteenth (and final) studio album, The Endless River, in 2014.
However, Sony Music, which made similar deals with Queen, Bob Dylan and Bruce Springsteen, will not retain the copyright to the composition, but will have rights to the merchandise and film and television spin-offs, the Financial Times reported. on Tuesday.
This, two years after a dispute over the tax structure between the surviving members of Pink Floyd, as well as founding bassist Roger Waters’ (M, pictured 2023) controversial comments against Israel and Ukraine, derailed a planned sale of 500 millions of dollars to bidders such as Hipgnosis, Warner Music. and B.M.G.
For example, the outspoken 81-year-old said of Israel’s treatment of Palestine “the parallels with what happened in the 1930s in Germany are so overwhelmingly obvious” and suggested that the October 7 Hamas attack may have been a “false flag operation.”
Roger also told Rolling Stone in 2022 that the United States is “the most evil (country) of all by a factor of at least 10 times” and that Jews in the United States and the United Kingdom are responsible for Israel “because they pay.” . for everything’ (Jewish protesters photographed in 2023)
Aside from Waters (right, pictured in 1968), the complicated deal involved guitarist and keyboardist David Gilmour (2-L), founding drummer Nick Mason (L) and the estates of late founding keyboardist Richard Wright (2-R ) and the late founding leader Roger ‘Syd’ Barrett
Last month, Gilmour (pictured last Friday) confirmed to the Washington Post that the sale was in the works.
The 78-year-old father of eight lamented: “The reason I want to do it is because I don’t want to burden my children with all that legacy.” And I’m also already tired of the burden of caring for that damn legacy for the last almost 40 years with the bullshit and arguments that follow. And I just want to be stripped of it’ (pictured from 9/11)
When asked if he was worried about future AI or hologram versions of Pink Floyd, David scoffed: “No. I’ll be dead. Who cares what anyone does?”