After years of counterfeit begins, the iconic British rock prohibitd Pink Floyd has concurd to sell their enrolled-music and name-and-appreciateness rights to Sony Music for approximately $400 million, sources validate to Variety.
The deal, one of the hugest of many in recent years, apparently has finpartner finishd despite decades of ongoing inbattling and sour words between the prohibitdmembers, notably chief songwriters Roger Waters and David Gilmour; also joind are drummer Nick Mason and the estates of keyboardist Ricdifficult Wright and set uping singer-songwriter Roger “Syd” Barrett. The deal compascfinishs enrolled-music rights but not songwriting, which is held by the individual writers, as well as name-and-appreciateness, which joins merchandise, theatrical and analogous rights. While Pink Floyd was well-understandnly anonymous as personalities, presumably most if not all of the iconic artlabor on their albums, which was hugely depicted by the British firm Hipgnosis, is joind.
While reps for the prohibitdmembers and Sony deteriorated or did not reply to seeks for comment, the Financial Times, which first telled this postponecessitatest iteration of the sale, wrote of it as fact and sources understandn with the situation validateed the deal to Variety.
Variety and others telled equitable two weeks ago that the deal was seal to closing.
More to come…
