Sony Acquires Pink Floyd's Music Catalog for $400 Million

Pink Floyd has sold their music catalog to Sony for approximately $400 million, with the deal encompassing the band's recorded music, name, and likeness rights, but excluding publishing rights. This agreement comes after years of internal disputes, particularly between band members Roger Waters and David Gilmour, which previously stalled a potential sale valued at $500 million. Gilmour expressed relief at the sale, citing a desire to escape the ongoing conflicts that have plagued the band, referring to their situation as a 'mud bath.' The sale gives Sony the rights to manage Pink Floyd's future releases, including a planned 50th-anniversary edition of 'Wish You Were Here' in 2025. Other legendary artists, such as Queen, have also sold their catalogs to major labels, reflecting a growing trend in the music industry. The deal marks a significant financial milestone for the band, although it is still less than the $1.27 billion Sony spent on acquiring Queen's catalog earlier this year.