Remember when we could not understand why Paul McCartney sold the Beatles catalog to Michael Jackson? Many artists are doing exactly that, recently.
Reports Indicate that Pink Floyd Seek $500 Million for their Music Catalog.
Business Standard reports that Pink Floyd are looking for at least $500 million. That is the same amount of dough that Bruce Springsteen reportedly sold his for last year.
The Floyd deal includes the recording and songwriting catalog along with the ability to create and sell band merchandise.
Other rockers that have sold their catalogs include Bob Dylan, Stevie Nicks, Paul Simon, Sting, ZZ Top, Blondie and David Bowie.