Well after a $500 million deal fell through about a year and a half ago because of in-fighting, Pink Floyd has reached agreement with Sony Music to sell their catalogue, trademarks, band name and likeness for $400 million. I think that’s good business………
The deal will give Sony Music full control over Pink Floyd’s music and they will have the crucial rights for all things Pink Floyd-related including merchandise. Also with the Sony deal in place, Sony and not the band will now have the responsibility for the next Pink Floyd release, a 50th-anniversary edition of Wish You Were Here that is expected to arrive in 2025.
The deal, one of the largest of many in recent years, involves Roger Waters, David Gilmour, Nick Mason and the estates of keyboardist Richard Wright and founding singer-songwriter Roger “Syd” Barrett.
Sony has spent more than a billion dollars on catalogs from Bruce Springsteen, Bob Dylan and Queen’s non-North American rights in the past few years.
I guess that is the ultimate “Have A Cigar”.
