Yet it also threatens to derail a blockbuster rights deal that would land the group a $500m (£413m) payday.
So, they’re looking to sell the rights. Hipgnosis and the like. It looks like a rich, rich, price:
By comparison, Bob Dylan’s songs are estimated to have sold for around $300m. Bruce Springsteen sold his back catalogue for a reported $550m in 2021, though this included both recorded and publishing rights.
The auction includes Pink Floyd’s recorded rights but not the publishing rights. This means that while the buyer would gain control of the recorded songs, they would not own the compositions themselves.
Ah, no, that’s a ludicrous price. It also explains this:
In a further sign of deteriorating relations, Waters this week told the Telegraph that he has re-recorded The Dark Side of the Moon from scratch, cutting his bandmates out in the process.
Those rights would only include the old version, not the new. As with Taylor Swift re-recording her albums.
Rights come in a number of flavours. And trying to sell the ones just running out, partially being replaced, for near half a billion does seem steep, no? Especially when the longer running ones on the songs themselves, the ones with 70 plus years still to go, aren’t included?