Pink Floyd in talks to sell its music catalog for $500M which would make it among the richest music sales in history
Pink Floyd is in talks to sell the rights to their recorded music catalog, and are seeking at least $500 million, which would be one of the largest music sales in history.
The legendary rock band have released 15 studio albums between 1967 and 2014, which includes three of the most heralded and best-selling albums rock albums of all time: The Dark Side Of The Moon (1973), Wish You Were Here (1975) and The Wall (1979).
No matter the total money package offered, getting the members of the band to agree is expected to be a challenge, considering its two main songwriters, Roger Waters and David Gilmour, have been at odds for decades.
Massive: Pink Floyd is reportedly seeking $500 million for the sale of its music catalog; the classic lineup of David Gilmour, Roger Waters, Nick Mason and the late Richard Wright are pictured during the Live 8 London concert in 2005
The British rockers, who are known for a plethora of classic hits like Comfortably Numb, Money and Shine On You Crazy Diamond, are selling its recording and songwriting catalog, which would include the power to create merchandise based on the band, according to Bloomberg.
Warner Music Group Corp., Sony Music Entertainment and BMG are said to be among the list of potential buyers that the band's representative, Patrick McKenna, is talking too at the moment.
Pink Floyd was formed in 1965 by the late Syd Barrett, but the then lead singer would leave the band just three years later due to deteriorating mental health.
Guitarist and singer David Gilmour would come into the fold in 1967, and together with Roger Waters (bass, vocals), Richard Wright (keyboards, vocals) and Nick Mason (drums) they would go on to form the classic lineup that most fans recognize.
Formation: The late singer Syd Barrett (center) formed Pink Floyd in 1965 but left the band three years later due to deteriorating mental health; also pictured are Roger Waters, Nick Mason and the late Richard Wright
The band are the owners of some of the most acclaimed and best-selling rock records of all time, with the 1970s being their most prolific.
With an estimated 45 million copies sold, The Dark Side Of The Moon (1973) is their best-selling of all their catalog. With classic songs like Time, The Great Gig in the Sky and Brain Damage, the album charted in the U.S. for a staggering 962 weeks in total.
In 2012, The Dark Side Of The Moon was selected for preservation in the United States National Recording Registry by the Library of Congress for being deemed 'culturally, historically, or aesthetically significant'.
Classic: Pink Floyd are owners of two of the most acclaimed and best-selling albums of all time, including The Dark Side Of The Moon (1973), which has sold more than 45 million copies
Classic: The band's double album rock opera, The Wall, has sold more than 30 million copies
Two of their other albums released in the 1970s are also considered to some of the greatest of all time.
Wish You Were Here (1975) has gone on to sell more than 20 million copies, and the double album rock opera, The Wall (1979), sold another 30 million copies and counting.
Following personal tensions, Wright left the band in 1979, followed by Waters in 1985. Gilmour and Mason continued on as Pink Floyd, and were rejoined eventually by Wright.
Waters would eventually file a lawsuit against his former bandmates over the use of the Pink Floyd name, but in the end, after reaching a deal, the Gilmour-led version continued on with the name, releasing their last album, The Endless River, in 2014.
Tough sell: No matter the total money package offered, getting the members of the band to agree is expected to be a challenge, considering its two main songwriters, Roger Waters and David Gilmour, have been at odds for decades; the classic lineup, seen here in 1973, includes the late Richard Wright, David Gilmour, Nick Mason and Roger Waters
Catalog sales of legendary artists have been selling for upward of nine figures over the past few years. Bob Dylan sold his recordings to Sony Music in 2021 in a deal estimated at more than $150 million, according to American Songwriter.
The Like A Rolling Stone singer songwriter is said to have also landed between $200 million and $300 million in a song catalog sale to Universal Music.
Bruce Springsteen also sold off his catalog for an estimated $550 million.
Although the music market has since softened in the wake of the economic downturn, Pink Floyd is still likely to rake in a huge deal due to their staggering album sales, which is said to have topped 250 million worldwide by 2013.