Pink Floyd Reportedly One Step Closer to Selling Catalog

Pink Floyd are reportedly one step closer to selling their catalog.

The Financial Times reports that Sony is "in advanced talks" to buy the rights to their music for about $500-million.

The deal has reportedly been held up for a few years due to David Gilmour and Roger Waters' inability to agree, plus Waters' anti-Israeli government comments, which some interpret as antisemitic.

In a recent interview with Rolling Stone, Gilmour said, "To be rid of the decision making and the arguments that are involved with keeping it going is my dream. If things were different… and I am not interested in that from a financial standpoint. I’m only interested in it from getting out of the mud bath that it has been for quite a while."

As for the holdup, he said, "It works on a veto system. You could say it’s three people saying yes, but one person saying no."

Sony is also reportedly in talks to purchase Queen's catalog for $1.27 billion, making it the largest music rights sale. The previous high went to Michael Jackson's estate earlier this year when Sony purchased half of his publishing and recording masters for $600 million.

Other big catalog sales include Bruce Springsteen's in 2021 to Sony for $500 million and Bob Dylan's to Sony for $200 million, Dylan also sold his publishing to Universal Music Group for a reported $300 million.


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