Sale of Pink Floyd music rights halted due to quarrel

Sale of Pink Floyd music rights halted due to quarrel

The English band initially plans to sell the music rights for $500 million. according to financial times There were already big names among interested parties at the time, including Blackstone, Sony Music and Warner Music. The sale has now been delayed for several months due to a difference of opinion about, among other things, tax regulations.

In addition to this, Roger Waters lives in the United States and other band members are in the United Kingdom. Additionally, Waters has had a difficult relationship with David Gilmore for years. viewer says financial times This strained relationship makes it “impossible” to strike a deal. Another doubts that it will be possible to reach an agreement, as the band members constantly argue for no reason.

In recent years, more and more major artists have sold their music rights, such as Neil Young, Sting and Bob Dylan. They make hundreds of millions of dollars out of it.

Pink Floyd was founded in 1965. The band achieved the greatest success with the album The dark side of the moonwhich was released in 1973. Songs like money And the Another scratch on the wall Among the band’s biggest successes.

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