Pink Floyd Re-ups with EMI, Putting an End to Legal Dispute
In signing a new five-year pact, band and label settles issue of "unbundling" albums and begins selling individual tracks.
EMI announced today (Jan. 4) that Pink Floyd, one of the world's most iconic rock bands, have signed a new global partnership with the label group.
Under the five-year agreement, EMI Music will continue to market and distribute Pink Floyd's catalog and a legal disputes between the band and the company -- which had centered around the issue of "unbundling" the band's albums to sell individual tracks online -- have been settled as a result of the new deal. Indeed, individual tracks by the band are now available on iTunes with a price range of of $.99 to $1.29 per song.
Said EMI Group CEO Roger Faxon in a statement: "Pink Floyd are one of the most important and influential bands of all time and I know I speak for everyone at EMI when I say that it is a privilege to have the opportunity to work with them. We're looking forward to continuing to help the band reach new and existing fans through their incredible body of work."
According to EMI, the band has sold over 200 million albums worldwide, and in the US alone, Pink Floyd's 1973's seminal album The Dark Side of the Moon has moved 45 million copies making it the country's third best-selling album ever.