Pink Floyd is exploring selling catalog

General discussion about Pink Floyd.
Gslatner
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Pink Floyd is exploring selling catalog

Post by Gslatner »

I’m not sure how selling the catalog effects fans but it seems most artists their age are doing it.

https://www.bloomberg.com/news/articles ... f-the-moon
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Hadrian
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Re: Pink Floyd is exploring selling catalog

Post by Hadrian »

What would be the practical implications of this, beyond the oblivious licencing part? If the band wanted to do another Early/Later type boxset (if there is anything still left), they wouldn't be able to because they don't own it anymore?
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Keith Jordan
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Re: Pink Floyd is exploring selling catalog

Post by Keith Jordan »

Hadrian wrote: Mon May 09, 2022 7:36 pm What would be the practical implications of this, beyond the oblivious licencing part? If the band wanted to do another Early/Later type boxset (if there is anything still left), they wouldn't be able to because they don't own it anymore?
I think the organisation buying the rights would be the ones milking every last penny out of the material with loads of boxsets! :D
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crofloyd
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Re: Pink Floyd is exploring selling catalog

Post by crofloyd »

It's not just the boxsets and reissues - it's the ownership of masters that could/would be used in movies, tv shows and commercials as well as streaming services. That's where the real cabbage is! :)

The publishing is a different kind of asset...
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drafsack
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Re: Pink Floyd is exploring selling catalog

Post by drafsack »

Its not unusual for artists to sell future royalties and back catalogues - Dylan sold his for $250 million - Springsteen for $550 million - money in the [pocket now is better than what you might make in the future - especially at the current age of the band
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Re: Pink Floyd is exploring selling catalog

Post by PinkFloydCollectors »

You have to bare in mind there are two pink floyd companies Pink Floyd and Pink Floyd 1987 it doesnt make it clear which is looking for a deal. Obviously the more valuable is the bands recording with Syd and Roger..
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azza200
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Re: Pink Floyd is exploring selling catalog

Post by azza200 »

With this sale it has combined both companies
What makes the Pink Floyd deal potentially even more attractive to suitors is that there is a slate of planned yet-unreleased live albums and films, along with box sets, compilations and repackaged original recordings to drive overall Floyd revenue through the next 10 years, according to sources. It’s unclear if those recordings are a part of the offering, but if they are it easily will drive the valuation higher. Even if they are not, those new releases likely will serve as a catalyst driving attention, and thus incremental revenue, to the rest of the catalog.

Bloomberg was first to report that the Pink Floyd catalog was up for sale, while the Financial Times reported the deal potentially carries a £500 million-plus valuation. Sources have confirmed to Billboard that the Pink Floyd assets are on the auction block, and that Patrick McKenna of Ingenius Media is shopping the deal for the band.

It’s been well known for years that Pink Floyd owns its masters, because periodically the band shopped the catalog for licensing and/or distribution, looking for fat advance bids. In the past, the band’s albums have been distributed by Columbia, as well as EMI, which the group started out on back in the day. Currently, the catalog is distributed by Sony in the U.S.; Warner Music in Europe and parts of the Middle East; and by a patchwork of licensing deals in the rest of the world, according to sources.

Pink Floyd is known for infighting between the David Gilmour-led faction and Roger Waters, which according to sources has resulted in two separate corporate entities for the band involved in the deal. For convenience purposes, however, the parties have combined into one overall umbrella entity that’s being shopped to potential bidders.