Transcript

Pink Floyd’s Music Catalog Just Sold for a Whopping $400 Million · Direct From Hollywood with Ryan Seacrest

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Speaker 1: Direct from Hollywood with Ryan Seacrest.
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Speaker 2: Iconic psychedelic rock band Pink Floyd has been dealing with
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Speaker 2: a notorious rip between its two primary songwriters, Roger Waters
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Speaker 2: and David Gilmour, for quite some time now, but they've
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Speaker 2: put their differences aside, at least on the back burner,
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Speaker 2: to close what's one of the most lucrative music and
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Speaker 2: licensing rights sales deals in history, a four hundred million
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Speaker 2: dollar deal granting Sony Music ownership of all of their
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Speaker 2: recording music, their image and likeness, their films, and even
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Speaker 2: their album and promotional artwork. The one element not included
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Speaker 2: his songwriting, as that will still be owned by whichever
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Speaker 2: individual member wrote a particular song. Nearly a half a
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Speaker 2: billion dollars might sound like a fortune, but from a
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Speaker 2: business perspective, Pink Floyd's catalog is a top prize. To
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Speaker 2: put it into perspective, Dark Side of the Moon, their
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Speaker 2: most successful album, is closing in on an unprecedented one
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Speaker 2: thousand weeks on Billboard's two hundred, the most in music
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Speaker 2: history by more than one hundred and fifty weeks.
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Speaker 1: That's direct from Hollywood