Currently, the catalog is distributed by Sony in the U.S. In the past, the band’s albums have been distributed by Columbia, as well as EMI, which the group started out on back in the day. It’s been well known for years that Pink Floyd owns its masters, because periodically the band shopped the catalog for licensing and/or distribution, looking for fat advance bids. Sources have confirmed to Billboard that the Pink Floyd assets are on the auction block, and that Patrick McKenna of Ingenius Media is shopping the deal for the band. Even if they are not, those new releases likely will serve as a catalyst driving attention, and thus incremental revenue, to the rest of the catalog.īloomberg was first to report that the Pink Floyd catalog was up for sale, while the Financial Times reported the deal potentially carries a £500 million-plus valuation. It’s unclear if those recordings are a part of the offering, but if they are it easily will drive the valuation higher. What makes the Pink Floyd deal potentially even more attractive to suitors is that there is a slate of planned yet-unreleased live albums and films, along with box sets, compilations and repackaged original recordings to drive overall Floyd revenue through the next 10 years, according to sources. When added to Billboard’s $505 million for the masters, that could have meant a $715 million payday - which would have made the Pink Floyd catalog deal potentially the richest one yet. On the conservative end of estimates (for publishing), that would bring in about $210 million. While sources say that publishing is so far not a part of the Pink Floyd offering, if it were Billboard estimates that over the last three years the catalog averaged $10.45 million. So combined, Dylan took in about $550 million to $600 million. The Dylan publishing deal with the Universal Music Publishing Group carried a valuation of $350 million $400 million, while Billboard estimated that his masters carried about a $200 million valuation. The Springsteen deal with Sony Music for his publishing and masters was placed at about $550 million by most press reports, but Billboard hears that the deal carried about a $500 million valuation.
Time will tell.īut if those doubts turn out to be unwarranted, and if a deal is indeed struck, it could put the Pink Floyd’s valuation in the same league as Bruce Springsteen and Bob Dylan‘s deals over the past couple years. Finally, others point out that due to rising interest rates, with stocks under attack and uncertainty in the bond markets, escalating valuations of the past few years may not hold in this changing economic environment. Beyond that, one source says Billboard’s revenue estimate is slightly inflated because it is based on sales across the catalog, while some of the early Pink Floyd releases are paid out on a royalty basis because they are not owned by the band. And one has to wonder: will fans keep buying vinyl once they have all the records? Probably not, which means the big vinyl chunk of revenue may eventually slow down. While some sources suggest that the deal could go for even higher than a 20 times multiple, other sources wonder if the 20 times multiple should be discounted considering Pink Floyd has an aging fan base. If the deal includes, say, likeness and image - in case the new owner wants to invest in a Broadway play, a movie, or a documentary - then it’s possible that this deal could boast a valuation of $600 million or more.
PINK BILLBOARD PLUS
Watch Pink and Willow's performance in the video above.Skylar Grey Says She Had to Sell Her Entire Catalog to Pay for Divorceīut wait, that estimated total doesn’t include other elements that sources say are a part of the Pink Floyd offering, like another $3 million to $4 million or so in annual merch, plus a batch of Pink Floyd album and stage prop artwork created and designed by Hipgnosis - the iconic graphic album art house that inspired the name of the modern-day music firm started by Merck Mercuriadis.
"I'm a total theater nerd, and I thought who better to write the story of my life than story writers like that – and so, the song ended up being a letter to my daughter." "Ever since I redid 'A Million Dreams' with Willow I've been in love with them," she said. Pink and Willow previously collaborated on a cover album of the Greatest Showman soundtrack, which featured them singing "A Million Dreams." In an interview leading up to the Billboard Music Awards, the singer told EW that she's obsessed with "A Million Dreams" songwriters Benj Pasek and Justin Paul, who also wrote her song "All I Know So Far." "Willow nailed it!" she said during her acceptance speech about her daughter's performance.
Pink had earlier posed with her kids, Willow and 4-year-old Jameson Moon Hart, on the red carpet as she prepared to accept the Icon Award later that night.
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