After years of inedit commences, the iconic British rock prohibitd Pink Floyd has concurd to sell their sign uped-music and name-and-enjoyness rights to Sony Music for approximately $400 million, sources verify to Variety.
The deal, one of the bigst of many in recent years, apparently has finassociate finishd despite decades of ongoing inbattling and acrid words between the prohibitdmembers, notably chief songauthorrs Roger Waters and David Gilmour; also joind are drummer Nick Mason and the estates of keyboardist Ricdifficult Wright and createing singer-songauthorr Roger “Syd” Barrett. The deal compelevates sign uped-music rights but not songwriting, which is held by the individual authorrs, as well as name-and-enjoyness, which joins merchandise, theatrical and aenjoy rights. While Pink Floyd was well-comprehendnly anonymous as personalities, presumably most if not all of the iconic artlabor on their albums, which was bigly depicted by the British firm Hipgnosis, is joind.
While reps for the prohibitdmembers and Sony deteriorated or did not react to seeks for comment, the Financial Times, which first alerted this procrastinateedst iteration of the sale, wrote of it as fact and sources comprehendn with the situation verifyed the deal to Variety.
Variety and others alerted equitable two weeks ago that the deal was shut to closing.
More to come…
