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Pink Floyd reportedly set to make £400million from back catalogue sale
Pink Floyd are reportedly set to make £400million from the sale of their back catalogue.Back in May, it was revealed that the legendary rockers were in talks to sell their entire catalogue, with a potential price for the sale reaching the hundreds of millions.Now, as reported by The Times, the band are looking for a £400million sale for their whole back catalogue, with private equity group Blackstone battling with major labels Sony, Warner, BMG and more to seal the deal.The sale, which would include Pink Floyd’s songs and master recordings, comes after they reunited earlier this year for new song ‘Hey, Hey, Rise Up!’, the band’s first original material since 1994’s ‘Division Bell’ album. The track was released to draw attention to Russia’s invasion of Ukraine and to raise funds for those affected by the war, with all proceeds from the song donated to Ukrainian Humanitarian Relief.In a statement, David Gilmour – who has a Ukrainian family – explained that the band released the song to draw attention to the war and to raise money for humanitarian efforts.“We want to express our support for Ukraine and in that way, show that most of the world thinks that it is totally wrong for a superpower to invade the independent democratic country that Ukraine has become,” Gilmour said.The likes of Neil Diamond, Sting, Bob Dylan, ZZ Top, Tina Turner and Stevie Nicks have all sold their back catalogues recently.Many artists – including Neil Young, Blondie, Shakira and Fleetwood Mac‘s Lindsey Buckingham and Christine McVie – have all sold the rights to their catalogues via the Hipgnosis Song Fund.
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Leonard Cohen estate sells songwriting catalogue to Hipgnosis
Leonard Cohen is the latest artist whose song rights have been bought, after his estate reached a deal with the Hipgnosis Songs Fund for an undisclosed sum.According to Rolling Stone, the deal includes all 278 songs that Cohen wrote, including his most popular songs ‘Hallelujah’, ‘Suzanne’, ‘So Long, Marianne’, ‘First We Take Manhattan’ and more.The investment company obtained the “songwriter’s share” of 127 songs from Cohen’s Stranger Music catalogue, which covers the period of the inception of late musician’s career through to the year 2000; derivative works pushes the total to 211 songs.Hipgnosis also acquired the ownership of 100 per cent of the copyrights, “publisher’s share” and “songwriter’s share” of royalties of the latter part of his catalogue, spanning from 2001 to his death in 2016.“To now be the custodians and managers of Leonard Cohen’s incomparable songs is a wonderful yet very serious responsibility that we approach with excitement and fully understand the importance of,” Hipgnosis founder Merck Mercuriadis said in a statement.“Leonard wrote words and songs that have changed our lives, none more so obvious than ‘Hallelujah’ but there are so many more that we look forward to reminding the world of on a daily basis.

Details Regarding Lindsey Buckingham

Who is Lindsey Buckingham?

Lindsey Buckingham is a media personality featured in various news reports due to their public appearances.

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