Pink Floyd sells music and image rights to Sony for $400 million

Pink Floyd have sold the rights to their recordings, likeness and more in a long-rumored deal with Sony Music. diversity And Financial Times Report. According to the reports, the songwriting rights remain with the respective band members.

The deal suggests that core members Roger Waters and David Gilmour managed to come to an agreement despite an ongoing feud over Waters' outspoken political opposition to Ukraine, Israel and the United States. In addition to the recorded music, Sony now also controls the band's brand, which also includes merchandise and theatrical rights.

The sale is the latest in a series of music rights sales, which typically involve recorded music catalogs as well as songwriting rights. Hipgnosis, the venture capital startup behind many of these deals, was recently sold to Blackstone for $1.6 billion, despite criticism from Merck Mercuriadis management. Mercuriadis has since resigned as CEO.