Posted in: 14/05/2022 – 09:38
Warner Music and the German music rights management group BMG, allied with the US investment fund KKR, are seeking to acquire the music rights of the popular British rock band Pink Floyd, the Financial Times revealed. “.
The value of the deal is likely to exceed $500 million, according to the financial newspaper, quoting informed sources at the top of the file. And the “Financial Times” added that the value of the contract may exceed even the record amount by which the rights to American rock star Bruce Springsteen’s business were sold to Sony, which is believed to have reached 550 million dollars, according to the American press.
The progressive rock group led by David Gilmore and Roger Waters has recorded sales of more than 250 million copies worldwide, according to bestselling.org. Namb”. In recent years, the rights of a number of music stars, such as David Bowie, Bob Dylan, Sting and Tina Turner, were sold for hundreds of millions of dollars, according to the media.