Psychedelic music giants Pink Floyd have cut a deal to sell their catalog to Sony Music.
Various reports put the deal at $400 million. The package includes rights to the band’s name and likenesses.
The story was broken by the Financial Times, and confirmed via reporting by various news outlets, including Variety and Rolling Stone.
The British band has famously fought for decades over all aspects of its commercial life. A $500 million deal apparently collapsed last year after internal strife. Former Pink Floyd bassist and singer Roger Waters’ political statements on issues such as Israel and Ukraine have alienated fans and complicated any dealmaking.
Guitarist David Gilmour and drummer Nick Mason are the other surviving members of the “Dark Side of the Moon” band. Gilmour and Waters wrote most of the band’s iconic songs after the departure and death of co-founder Syd Barrett.
Gilmour previously told Rolling Stone it was his “dream” to be free of the Pink Floyd financial drama. Gilmour is currently on tour in support of his “Luck and Strange” album, performing some Pink Floyd classics and deep cuts.
Sony Music will now control band merchandise, and associated movie and video fare. The package does not include songwriting rights, the Financial Times said.
Sony recently snapped up rights to music by vintage acts such as Queen, Bob Dylan and Bruce Springsteen.