Pink Floyd sells music for $400 million - see who else has made huge deals
FILE - circa 1973: Pink Floyd (L-R: Rick Wright, Dave Gilmour, Roger Waters and Nick Mason pose for a publicity shot circa 1973. (Photo by Michael Ochs Archives/Getty Images)
This week, Pink Floyd reportedly agreed to see its recorded music catalog, along with its name and likeness rights, to Sony Music for $400 million.
They’re the latest to participate in an ongoing trend of big acts and their rights holders making deals to sell their back-catalogs, often for impressive sums.
Here are some other big notable deals:
Why would an artist sell their catalog?
When a musician sells their catalog, it means they’re selling the rights to their songs, including the royalties paid when their music is consumed and used, according to the World Intellectual Property Organization (WIPO).
One of the biggest benefits of this is to receive a set amount of income up front as opposed to riding out a fluctuation of income throughout their lifetime based on the popularity of their music or changes in the music industry, such as streaming verse buying physical copies.
Artists who have sold their music catalogs
Bruce Springsteen
The singer known for such hits as "Born to Run" and "Hungry Heart" sold his music catalog to Sony Music Group in late 2021 for an estimated $550 million, The New York Times reported.
Bob Dylan
The Nobel Prize-winning songwriter in 2020 sold publishing rights to his catalog of more than 600 songs to the Universal Music Publishing Group. The singer’s collection includes modern standards like "Blowin’ in the Wind" and "Like a Rolling Stone." Industry experts estimated the deal was in the range of $300 million to a half-billion dollars.
Paul Simon
In 2021, Sony Music Publishing acquired Simon’s catalog for an undisclosed amount, including his solo work and Simon & Garfunkel hits such as "The Sound of Silence" and "Mrs. Robinson."
Neil Young
Long known for his refusal to license his music for commercial use, Young sold a 50 percent stake in his catalog to Britain’s Hipgnosis Songs Fund in 2021. The deal covered some 1,180 songs, including "Heart of Gold" and "Rockin’ in the Free World."
David Bowie
In 2021, Warner Music Group reached a deal with Bowie’s estate for worldwide rights to the prolific singer’s recorded music catalog from 1968, including "Space Oddity" and "Let’s Dance." Terms were not disclosed.
Taylor Swift
In June 2019, music manager Scooter Braun’s Ithaca Holdings announced that it had acquired Big Machine Label Group, which was led by Scott Borchetta and home to Taylor Swift’s first six albums, for an estimated $300 million to $350 million, the New York Times reported.
In response, Swift started re-record and release new versions of those albums, labeled "Taylor’s Version," in an attempt to reclaim her masters.
The following year, Braun sold Swift’s catalog to private equity firm Shamrock Capital for more than $300 million.
Kiss
The hard rock quartet sold their catalog, brand name and IP to Swedish company Pophouse Entertainment Group in a deal estimated to be over $300 million, it was announced Thursday.
Justin Bieber
The Canadian sensation in 2023 sold the rights to his catalog, including hits "Baby" and "Sorry," also to Hipgnosis. Financial terms were not disclosed, but Billboard Magazine reported the deal, which includes his output through 2021, was worth about $200 million.
Sting
In 2022 the former Police frontman sold the rights to his music catalog, including the hits "Every Breath You Take" and "Roxanne," to Universal Music Group for an undisclosed sum.
Phil Collins
Also in 2022, The Wall Street Journal reported that the former Genesis singer and drummer, along with bandmates Tony Banks and Mike Rutherford, sold the rights to their catalog to Concord Music Group for $300 million. Collins’ solo music was ubiquitous in the 1980’s, including "In the Air Tonight," with its memorable drum fill, and MTV staple "Sussudio."
Shakira
Early in 2021, Hipgnosis announced that it had acquired 100% of the Grammy-winning international superstar’s music publishing rights for an undisclosed amount. Shakira’s catalog of 145 songs includes "Hips Don’t Lie" and "She Wolf."
Stevie Nicks
In late 2020, Fleetwood Mac star Stevie Nicks sold an 80% stake in her music to Primary Wave for a reported $100 million. Her bandmates soon followed suit: Hipgnosis acquired all of Lindsey Buckingham’s publishing rights across 161 songs in January 2021; a week later it was announced Mick Fleetwood sold his entire recorded music catalog to BMG. Also in 2021, Christine McVie sold her 115-song catalog to Hipgnosis; in 2023, following her death, her estate sold her stake in Fleetwood Mac’s recorded music to the acquisition firm HarbourView Equity Partners.