British rock band Pink Floyd has agreed to sell its music rights, including hit songs, to Japan’s Sony Group for about $400 million, the Financial Times reported Tuesday.
The deal includes name and image rights to the band’s members, allowing Sony to sell related products and produce films and television programs, the British newspaper said.
Pink Floyd will retain the rights to his songwriting while selling the rights to his recorded music to Sony.
Pink Floyd is known for hits like ‘The Dark Side of the Moon’ and ‘The Wall’. In 2022, the group released a new song in support of Ukraine for the first time in 28 years.
Sony has acquired the rights to the music catalogs of American singer and songwriter Bob Dylan and American rock singer Bruce Springsteen.
