Pink Floyd Strikes $400 Million Music Rights Deal with Sony

Pink Floyd, the iconic British rock band, has recently made headlines with their decision to sell their recorded-music rights to Sony Music for a staggering $400 million. This deal, which has been years in the making, marks one of the largest music rights sales in recent history. Despite years of infighting and disagreements between band members, including Roger Waters and David Gilmour, the deal has finally been concluded. The agreement includes the band's recorded-music rights, meaning that Sony now has ownership of their extensive catalog. The deal encompasses the band's name-and-likeness rights, which includes merchandise, theatrical rights, and other similar aspects. The deal does not include the band's songwriting rights, as those are owned by the individual songwriters themselves. Pink Floyd, known for their introspective and thought-provoking lyrics, have left their mark on the music industry through their powerful compositions. Fans can expect their favorite Pink Floyd albums to continue to be treasured and celebrated for years to come.