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Sale of Pink Floyd Music Rights Blocked by Arguing Band Members | Music

The sale of Pink Floyd’s royalties has been stopped. The British band planned to sell the music rights for an amount of 500 million dollars (about 513 million euros), but this would not happen for the moment due to a discussion among the band members, he writes. Financial Times (FT).

According to FT there were already big names among those interested, including Blackstone, Sony Music and Warner Music. The sale has now been delayed for several months due to differences of opinion on, among other things, tax legislation.

In addition, band member Roger Waters lives in the United States and the other band members in the United Kingdom. Additionally, Waters has had a difficult relationship with band member David Gilmour for years. Tell a bidder FT that that strained relationship makes it “impossible” to make a deal.

Another doubt will it ever be possible to find an agreement, as the members of the band constantly argue for no reason.

In recent years, major artists have sold their musical rights, such as Neil Young, Sting and Bob Dylan. They made hundreds of millions of dollars doing this.

Pink Floyd was founded in 1965. The band had its biggest success with the album Dark side of the moonreleased in 1973. Songs like Money in another Brick in the Wall are among the band’s biggest hits.

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