The Pink Floyd catalog could be sold for... 500 million dollars
Steph Deschamps / May 14, 2022
The music catalog of cult British rock band Pink Floyd is being coveted by Warner Music and BMG, a German music management company allied with U.S. fund KKR, according to the Financial Times.
The deal could potentially exceed $500 million, according to the financial daily, citing sources close to the matter.
It could even exceed the amount of the sale last year of the catalog of Bruce Springsteen to Sony Music, whose amount would have reached 550 million dollars according to the American press, a record, adds the FT.
The progressive rock band led by David Gilmour and Roger Waters is one of the biggest sellers of records in musical history with flagship titles such as Money, Wish you were here, or Comfortably numb and 250 million copies sold worldwide according to the bestsellingalbums.orgwebsite.
Sales of music catalogs of musical stars have multiplied in recent years, with those of David Bowie, Bob Dylan, Sting or Tina Turner which, according to the press, were also sold for hundreds of millions of dollars.