It’s taken years, but the iconic British rock band Pink Floyd has finally agreed to sell their recorded music and name and likeness rights to Sony Music for approximately $400 million.
The deal, one of the largest of many in recent years, concluded despite decades of ongoing infighting between the band members, notably chief songwriters Roger Waters and David Gilmour. Also involved are drummer Nick Mason and the estate of keyboardist Richard Wright and founding singer/songwriter Roger “Syd” Barrett. The deal includes recorded music rights but not songwriting, as well as name and likeness, which includes merchandise, theatrical and similar rights.
Also included is most, if not all of the iconic artwork on their albums, which was largely designed by the British firm Hipgnosis.
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