Pink Floyd is in “advanced talks” with Sony Music to sell its back catalogue for around $500 million, the company said. Financial time information.
According to the Financial timeThe sale would include hits from the past 50 years such as “Money,” “Wish You Were Here” and “Another Brick in the Wall.” However, the report warns that “there is no guarantee of a deal this time given past problems.”
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The update comes after David Gilmour recently said Rolling Stone It would be a “dream” to sell Pink Floyd’s catalogue and get out of the “mud bath,” likely in reference to his contentious relationship with former bandmate Roger Waters. In a relatively recent example of their decades-long tension, Gilmour described Waters as a “misogynist, anti-Semite and Putin apologist” in 2023.
Pink Floyd began exploring the possibility of selling their album through catalogue in 2022, but those talks fell through due to the band's infighting and Waters' incendiary comments about Ukraine and Israel. At the time, Sony was among the potential buyers, which included Warner Music, BMG and Hipgnosis.
Sony Music has a history of buying up the catalogues of historic artists for huge sums of money. Recent examples include a $500 million purchase for Bruce Springsteen’s catalogue in 2021 and $1.27 billion for Queen’s catalogue and image rights earlier this year.
While sales of Pink Floyd's catalogue are moving slowly, Gilmour recently released his new solo album, Luck and Strangewhich will be supported by a limited tour across the US, Europe and the UK (get tickets) here). While promoting the LP, he described it as “the best album I’ve made in all those years since 1973, when The Dark Side of the Moon came out.”
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