In a much-talked-about move, Pink Floyd has decided to sell the rights to their music and image to Sony Music, as reported by Variety and Financial Times.
This deal shows that Roger Waters and David Gilmour could work things out even though they’ve had disagreements over Waters’ political views on Ukraine, Israel, and the U.S. Now, Sony doesn’t just have control of their songs but also their brand for stuff like merchandise and plays.
Lately, selling music rights is becoming a big trend. Companies are buying lots of music catalogs along with the songwriting rights. Hipgnosis was in the spotlight after selling to Blackstone for $1.6 billion amidst some complaints about how Merck Mercuriadis was running things. He later quit being CEO.
Fans sometimes wonder if all these deals really help artists or just make money for big companies.
