Bob Dylan, Bruce Springsteen have all done it, and now sources close to Pink Floyd are touting that Sony have bought the rights to their back catalogue, earning them millions. Advertisement Advertisement Did you know with a Digital Subscription to Edinburgh News, you can get unlimited access to the website including our premium content, as well as benefiting from fewer ads, loyalty rewards and much more. That’s according to a report from Music Business Worldwide , who alongside the Financial Times have quoted the source that the deal has fetched the band around $400m USD (just short of £324m).
It would mark the second huge acquisition by Sony for an artist back catalogue, after a reported deal was struck with the remaining members of Queen earlier this year , with the deal including publishing rights, ‘name and likeness’ rights, plus recorded music rights outside of North America. Should the sale be agreed upon by the band, it would make their catalogue one of the most lucrative sales since artists began selling the right to their music and likeness, after David Bowie helped set the trend way back in 1997 when he began issuing “ Bowie Bonds .” Advertisement Advertisement That deal allowed him to sell the rights to future royalties of his catalogue for a 10-year period in exchange for $55 million upfront.
These bonds were secured by the income generated from his back catalogue of albums recorded between 1969 and 1990. But is this deal the most lucrative back catalog.
