Pink Floyd Sells Music Catalog to Sony

Pink Floyd has finalized a significant deal with Sony, selling their recorded music catalog, name, and likeness for approximately $400 million, although the songwriting rights remain with the band members. This marks yet another substantial acquisition by Sony, which has previously procured catalogs from major artists like Bob Dylan and Bruce Springsteen. The sale follows years of internal band disputes, particularly involving controversial statements by Roger Waters, which had complicated previous sale attempts. David Gilmour expressed relief at offloading the burden of the band's legacy, citing personal and familial reasons. The acquisition allows Sony to explore various merchandising opportunities, including TV shows and films. This transaction reflects a growing trend of lucrative music catalog sales as heritage artists' works continue to appeal to new audiences through streaming and media use.