Throughout the year, as reported by the Financial Times newspaper, several record companies and investment funds were negotiating with Pink Floyd to buy the catalog for an amount close to 500 million dollars. But now everything is under controlWhy Ruggero Waters provided a controversial report in which he expressed his views on Israel, Ukraine, the United States and Russia.
It is not uncommon for the bassist and singer to intervene on international politics, but what he has now said in Rolling Stone magazine has been highly controversial.
For example, he claimed that Jews in the United States and England are responsible for all of Israel’s actions “because they pay for everything”, that Russia’s war plans in Ukraine are “lies” and that the United States “is the most wicked country in the world. ” world”.
A catalog full of classics
In recent years, it has been found that owning the music rights of a major is as profitable an investment as buying stocks or bonds. Bob Dylan and Bruce Springsteen’s songs were purchased for over $ 600 millionand the rights to Neil Young, Stevie Nicks and James Brown were also sold.
In the case of Pink Floyd, their catalog includes albums such as Dark Side of the Moon, The Wall, Wish You Were Here, Animals, Meddle, Pied Piper at Dawn Y Moreover.
The band deal is expected to be signed with Waters, Nick Mason, David Gilmour and the heirs of keyboardist Rick Wright. It is said to have been delayed because everyone is over 70 and are taking into account factors such as taxes, rising interest rates, falling British pounds, and global recession.
In the past, potential buyers haven’t been frightened by Roger Waters’ remarks, but this time around, some are likely to walk away from the table, outraged and offended. At the very least, it will be a good argument to pay less for the songs, because the underlying fear is a boycott or cancellation.
An ace in the hole
“The other former members of the group must be furious”, said a source who also said the deal could include rights to use the record art and use of the name or trademark. Any creative marketing manager could give themselves a whiff of elements like the triangle of Dark side of the moon or the inflatable pig Animals.
The group is perfectly aware of the validity of their songs, and in recent years they have started releasing unreleased material from their archives, such as the double album. The early years 1965-1972, released in 2016. And they continue to keep the most important card up their sleeves: the unreleased songs of the 70s, from their most famous albums. They could reserve it to offer it to the buyer of the catalog.
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Source: Clarin
