Pink Floyd copyrights on sale?
The Financial Times revealed that i Pink Floyd they would be trying to sell copyrights of the band, in addition to those of recording, to a new label. It is a real competition, in which the actors in the game compete for those who are in all respects considered among the copyrights. most profitable on the market musical. In the field there are already Warner Music, Bmg, Sony Music and Primary Wave, while now according to what has been revealed by the Financial Times also the American private equity group Blackstone made his offer.
On the plate there would be approx half a billion dollars, which would guarantee the buyer a rich songbook of famous hits and songs, which would pay off the investment in a short time. In fact, Pink Floyd are still today among the most listened to and appreciated groups internationally, and the sale could prove to be one of the most valuable ever. Recently it was the turn of the rights of Bruce Springsteenpurchased from Sony Music for 500 million dollars, a figure that Pink Floyd have already achieved and that could be destined to increase given the strong appeal of their rights for record labels.
Pink Floyd: Blackstone’s most expensive acquisition
Blackstone, the private equity group that offered 500 million to buy the Pink Floyd copyright and registration rightshas recently entered the world of music rights, creating Hipgnosis Song Management, an investment fund worth a billion dollars, born from the partnership with Merck Mercuriadismanager of Beyoncé and gods among others Guns’n’Roses. In the last period Hipgnosis has acquired the rights of other famous authors, among which are included Leonard Cohen, Justin Timberlake and Nelly Furtadofor a total value of 341 million dollars.
However, the acquisition of the Pink Floyd copyrights stands at a much higher economic value than what the other Hipgnosis acquisitions cost in total. The British band would achieve, and even exceed in some cases, the rights of artists such as Bob Dylan (which sold the rights to Universal Music for approx 300 million of pounds) and the highly rated Bruce Springsteen. Currently neither Pink Floyd nor Blackstone have made any statements on the matter, and it cannot be excluded that one of the other labels in the game may make a bigger offergrabbing the rights of Pink Floyd and also increasing its estimated value (currently at 400 million, but Blackstone’s offer has already increased it by 100 million).
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Pink Floyd, music rights sold to Blackstone? / Ft “$ 500 million deal”