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Pink Floyd deal to sell music rights to Sony for $400mn
Pink Floyd deal to sell music rights to Sony for $400mn
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Posts: 660
Joined: Sep 19, 2018
Ding Dong the music industry is dead.
They kept the publishing rights though so still make money anytime a song is played.
https://finance.yahoo.com/news/pink-floyd-sell-catalog-sony-153442745.html
Pink Floyd, the British rock band, has agreed to sell the rights to their vast catalogue of music including hits such as Wish You Were Here and Money to music label Sony for about $400mn.
The deal includes Pink Floyd’s recorded music, according to two people familiar with the matter, resolving the fate of one of the most valuable assets during a boom time for sales of vintage rock music.
The terms also include the band name and the artists’ “likeness”, one person added, which means that the label will have the rights to merchandise and spin-offs such as movies and TV series.
Songs have two sets of copyrights — one for the songwriting and one for the recording, or master copy. Pink Floyd has agreed to sell their recorded rights, but not the songwriting, said people familiar with the matter.
The agreement, which was struck this week, will mark the end of years of infighting and drama between band members over the details of the sale.
More at:
https://finance.yahoo.com/news/pink-floyd-sell-catalog-sony-153442745.html
They kept the publishing rights though so still make money anytime a song is played.
https://finance.yahoo.com/news/pink-floyd-sell-catalog-sony-153442745.html
Pink Floyd, the British rock band, has agreed to sell the rights to their vast catalogue of music including hits such as Wish You Were Here and Money to music label Sony for about $400mn.
The deal includes Pink Floyd’s recorded music, according to two people familiar with the matter, resolving the fate of one of the most valuable assets during a boom time for sales of vintage rock music.
The terms also include the band name and the artists’ “likeness”, one person added, which means that the label will have the rights to merchandise and spin-offs such as movies and TV series.
Songs have two sets of copyrights — one for the songwriting and one for the recording, or master copy. Pink Floyd has agreed to sell their recorded rights, but not the songwriting, said people familiar with the matter.
The agreement, which was struck this week, will mark the end of years of infighting and drama between band members over the details of the sale.
More at:
https://finance.yahoo.com/news/pink-floyd-sell-catalog-sony-153442745.html
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carlottis