Pink Floyd’s $500 Million Catalog Sale Is ‘Basically Dead’ — Or Is It?
variety.comJem Aswad Senior Music Editor Pink Floyd’s proposed $500 million sale of the rights to their iconic five-decade, multiplatinum recorded-music catalog is “basically dead” because the surviving bandmembers “just can’t get along,” four sources close to the situation tell Variety — however, sources close to the band insist that it’s not. “You could say the deal is no longer ‘active,’” one of the four sources says. “But at the same time, it’s still on the table.
It’s a strange situation!” It’s par for the course with this long-running and contentious proposed deal, which sees Roger Waters and David Gilmour, the two long-feuding principals of one of the most critically and financially successful acts of the rock era, taking public potshots at each other while simultaneously trying to find enough common ground to close a deal sources say could reach a half-billion dollars.
Complicating matters further, Waters has been arguably lowering the value of the catalog by making repeated shocking statements about Israel, Ukraine and other political matters.
His comments have been so strident that a concert in Germany on his ongoing “This Is Not a Drill” tour was recently canceled due to “the persistent anti-Israel behavior of the former Pink Floyd frontman, who is considered one of the most widely spread anti-Semites in the world,” according to a Google translation of a statement from the city of Frankfurt.
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