The rights to Pink Floyd’s business could be sold for more than $500 million
Sunday – 14 Shawwal 1443 AH – 15 May 2022 AD Issue No. [
David Gilmour, lead singer of Pink Floyd (AFP)
London: «Middle East»
Warner Music and the German music rights management group BMG, allied with the US investment fund KKR, are seeking to acquire the rights to the music business of the popular British rock band Pink Floyd, the Financial Times revealed. ».
The value of the deal is likely to exceed $500 million, according to the financial newspaper, quoting sources familiar with the file.
And the Financial Times added that the value of the contract may exceed even the record amount by which the rights to the American rock star Bruce Springsteen’s business were sold to Sony, which is believed to have reached 550 million dollars, according to the American press.
The progressive rock band, led by David Gilmore and Roger Waters, has recorded sales of more than 250 million copies worldwide, according to bestsellingalbums.org. Namb,” according to Agence France-Presse.
In recent years, the rights of a number of music stars, such as David Bowie, Bob Dylan, Sting and Tina Turner, were sold for hundreds of millions of dollars, according to media reports.
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