Pink Floyd sells entire catalogue to Sony Music for $400M

reportedly agreed to sell the rights to their substantial music catalogue as well as their name and likeness as a band to Sony Music for $400M this week.

The Grammy-winning psychedelic group have sold over 250M records worldwide and four of their albums (The Dark Side of the Moon, Wish You Were Here, The Wall, and Atom Heart Mother) managed to top the US Billboard 200 chart.

However, Sony Music - which did similar deals with Queen, , and - will not retain the copyrights of the songwriting but it will have the rights to merchandise and film/TV spin-offs, reported Tuesday.

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