Sony Music Eyes Pink Floyd's Catalog for $500 Million

Sony Music is negotiating to purchase the rights to Pink Floyd's music catalog for approximately $500 million. The deal has faced challenges due to personal conflicts between band members, specifically Roger Waters and David Gilmour.

Sony Music is in advanced negotiations to acquire the rights to the music catalog of legendary British rock band Pink Floyd. The deal is estimated to be worth around $500 million, according to a report by the Financial Times on Friday.

The acquisition process has been complicated by longstanding personal disputes among the band's members, particularly Roger Waters and David Gilmour. These conflicts have made reaching a consensus on the sale challenging, sources close to the negotiations told FT.

The potential purchase highlights Sony Music's ongoing efforts to bolster its catalog with classic and profitable music assets.

(With inputs from agencies.)