Pink Floyd have agreed to sell their back catalogue for $400million in a deal with Sony.
According to Music Business Worldwide, the legendary rock veterans’ deal with the music giant is set to include the band’s recording catalogue, neighbouring rights, and name and likeness rights. However, the band’s publishing rights were not included in the deal.
Pink Floyd’s recorded music royalties are currently managed by two companies: Pink Floyd (1987) Limited and Pink Floyd Music Limited. The main difference between the two companies is that the latter collects revenue for music recorded before Roger Waters’ departure in 1985, and the former collects revenues for music recorded after.
Källa: Pink Floyd sell back catalogue for $400million