Pink Floyd agree to sell catalogue for $400m

Pink Floyd have agreed to sell the rights to their catalogue Sony for an estimated $400m (€362m), Financial Times reports.

The deal is said to include the band's recorded music, name and likeness -meaning the label has the rights to create things like merchandise, TV Series and films.

Considered one of the most valuable catalogues in music, the agreement marks an end to years of squabbles between Pink Floyd's members over details of the sale. It also follows similar deals Sony made with Bob Dylan, Bruce Springsteen and Queen, the latter of which made earlier this year for $1b.

Forming in London in the early '60s, Pink Floyd went on to become one of the most revered and commercially successful rock bands ever. Synonymous with psychedelia, they've hitherto sold over 250 million albums worldwide, with a discography which boasts iconic records like 1973's Dark Side Of The Moon and 1979's The Wall. 

Founding songwriter, bassist and singer Roger Waters left the band after their 1983 LP The Final Cut. The remaining members continued to tour and produce music under the Pink Floyd name - which led Waters to sue guitarist David Gilmour and drummer Nick Mason.

Waters and Gilmour have had soured relations ever since, with disputes reportedly rising during the latest deal over its tax structure. Mason is the band’s other surviving member, after keyboardist Richard Wright died in 2008.