Pink Floyd have struck a deal to sell the rights to their recorded music catalogue.
According to The Financial Times, who broke the news, the deal with Sony is worth 400 million dollars and includes Pink Floyd’s recorded music, the band name and the artists’ “likeness”, meaning that the label will have the rights to merchandise and spin-offs.
The FT points out: "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."
