Pink Floyd might be the next major act to cash in on the trend of selling their catalog for a hefty price tag.
According to Bloomberg, “Representatives for the band have reached out to potential buyers, according to three people familiar with the matter who asked to not be identified because the discussions are private. The process began in the last few days, and it’s too early to know what the outcome will be, they said. Representatives of the band didn’t respond to requests for comment.”
If Pink Floyd does secure a buyer for their catalog, they join an ever-growing list of artists who have netted massive paydays. Just this year,the estate of David Bowie and Sting have sold their catalogs in nine-figure deals.