Tuesday, November 5, 2024

Pink Floyd Sells Master Recordings, Likeness for $400 Mil, Could Get as Much for Publishing

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Pink Floyd has made part 1 of a huge deal with Sony.

The long disbanded group sold its master recordings and likeness including its name and that pig to Sony for $400 million. This includes one of the biggest albums of all time, “Dark Side of the Moon,” and “The Wall.” Sony can now commission musicals, touring shows, all kinds of live experiences using those incredibly well known titles.

Sony Music used $400 million of the $700 million it got from Apollo Management to pull off the deal.

The deal does not cover publishing, which could bring as much or more for songs like “Another Brick in the Wall,” “Wish You Were Here,” “Money,” and deep cuts like “Comfortably Numb.” The publishing catalog is huge.

All the deal makers in the music have been after Pink Floyd for years. But the three main members — David Gilmour and Nick Mason — have been at odds with Roger Waters ever since he became an outspoken antisemite. Waters is now a pariah in the real world, though he thinks of himself as an activist.

I’m sure the publishing announcement will come soon, and bring the total to almost a billion dollars. It’s quite the payout.

Roger Friedman
Roger Friedmanhttps://www.showbiz411.com
Roger Friedman began his Showbiz411 column in April 2009 after 10 years with Fox News, where he created the Fox411 column. His movie reviews are carried by Rotten Tomatoes, and he is a member of both the movie and TV branches of the Critics Choice Awards. His articles have appeared in dozens of publications over the years including New York Magazine, where he wrote the Intelligencer column in the mid 90s and covered the OJ Simpson trial, and Fox News (when it wasn't so crazy) where he covered Michael Jackson. He is also the writer and co-producer of "Only the Strong Survive," a selection of the Cannes, Sundance, and Telluride Film festivals, directed by DA Pennebaker and Chris Hegedus.

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