Pink Floyd has reportedly sold its music catalogue to Sony Music Entertainment for $400 million (£301 million).

According to a report from *The Financial Times* on Tuesday, the legendary British rock band has agreed to sell their recorded music and rights to their name and likeness to Sony. However, sources clarified that the deal only includes the recorded music rights, while songwriting rights remain with the individual band members. The ownership of the band's likeness allows Sony to profit from future ventures such as merchandise sales and potential TV shows or films.

Neither Pink Floyd nor Sony have publicly commented on the deal as of yet.

Widely regarded as one of the greatest progressive rock bands of all time, Pink Floyd was formed in London in 1965. The original lineup consisted of Syd Barrett, Nick Mason, Roger Waters, David Gilmour, and Richard Wright. The band released iconic albums such as *The Dark Side of the Moon* (1973), *Animals* (1977), and *The Wall* (1979). Pink Floyd was inducted into the Rock and Roll Hall of Fame in 1996.

Despite internal conflicts and an extended hiatus, Gilmour and Mason reunited in 2022 to release "Hey, Hey, Rise Up!" as a protest against Russia's invasion of Ukraine. In an interview with *Rolling Stone* in August, Gilmour, 78, expressed that his motivation for selling the music catalogue wasn't financial, but rather to escape the ongoing decision-making and disputes involved in maintaining it.

Sony has been acquiring music catalogues from major artists in recent years, including Bruce Springsteen, Bob Dylan, and Queen.