Pink Floyd is seeking US$500mil for music catalog including ‘The Wall’

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Pink Floyd are seeking at least RM2.2bil in a deal for their music catalog, which would be one of the largest sales in music history.

Pink Floyd, led by guitarist David Gilmour, has continued to release records despite legal squabbles. – Photo: Facebook/Pink Floyd

McKenna has winnowed the list of potential buyers to four, said the people. The names include Warner Music Group Corp., Sony Music Entertainment and BMG. Sony and Warner already distribute some of Pink Floyd’s music.Dark Side Of The Moontwo albums that defined music in the 1970s. The group has sold 75 million records in the US, the 10th most of any artiste, according to the Recording Industry Association of America.

Investors are starting to grow wary of shelling out for music portfolios due to rising interest rates and uncertainty about the economy. But demand has held steady at the very top of the market.

 

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