Pink Floyd’s proposed $500 million music rights sale is “basically dead” because the surviving band members “just can’t get along,” four sources close to the situation tell Variety.
last month, “I wrote ‘Dark Side of the Moon.’ Let’s get rid of all this ‘we’ crap! Of course we were a band, there were four of us, we all contributed – but it’s my project and I wrote it.” However, he is the sole credited writer on just three of the album’s 10 songs, which may complicate plans to release his new version.)
Yet the band was always savvy about the value of the catalog and far-sighted about its ownership: On a purely business level, the Pink Floyd recorded-music catalog, not to mention its merchandising rights, is one of the most valuable in contemporary music; it also includes classic albums like “The Wall,” “Wish You Were Here,” “Meddle,” “Piper at the Gates of Dawn,” “More” and more.
Although the group participated in the boxed-set mania of the 1990s, they held back most of the vast amount of archival material in their vaults until they acquired the rights to the catalog , and in 2016 began a lavish reissue campaign that includes dozens of unreleased songs, alternate versions, live recordings and videos. The first of these, “The Early Years 1965-1972,” was released in 2016 in formats ranging from a 2-CD set to a gargantuan 33-disc, $699 deluxe edition.
Of course, it’s possible that the bandmembers, all of whom are in their late 70s, and their advisers have decided to bide their time for a while longer, let the tempest around Waters’ comments subside, and try again in a couple of years. After all, they’ve waited this long. “It’s one of the most valuable music catalogs of the past 50 years,” one source concluded. “Will it be worth as much in two or five years — or worth even more? Sure. They can afford to wait.”
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