Pink Floyd seeking US$500 million for music catalogue
- Seminal prog-rock band Pink Floyd is selling its recording and songwriting catalogue
- Other famous musicians, including Bob Dylan and Bruce Springsteen, have cashed in
Members of the rock band Pink Floyd are seeking at least US$500 million in a deal for their music catalogue, according to people familiar with the talks, which would be one of the largest sales in music history.
The group known for hits such as Money and Comfortably Numb is selling its recording and songwriting catalogue, as well as the power to create merchandise based on the band, said the people, who asked not to be identified because the talks are confidential. Patrick McKenna, who is representing the band in the process, didn’t respond to an email seeking comment.
McKenna has winnowed the list of potential buyers to four, said the people. The names include Warner Music Group Corp, Sony Music Entertainment and BMG. Sony and Warner already distribute some of Pink Floyd’s music.
The British rock band released some of the most popular records ever, including “Dark Side of the Moon” and “The Wall”, two albums that defined music in the 1970s. The group has sold 75 million records in the US, the 10th most of any artist, according to the Recording Industry Association of America.
Bruce Springsteen is believed to have been paid roughly US$500 million for selling his extensive body of work at the end of 2021.
