Pink Floyd Wanted $500 Million For Its Music. What Went Wrong?
The rock band has been trying to sell its music catalog all year. Read about everything that's gotten in the way.
When members of the band Pink Floyd decided to sell their catalog, they had every reason to believe they’d score a payday that would take care of their great grandchildren. Legendary acts have been closing deals for record sums and few of them had a roster of albums as popular as Dark Side of the Moon and The Wall. Initial bids topped $ 500 million.
But months into the process, the band hasn’t reached a deal. The list of potential bidders has shrunk, and the estimated value has along with it.