In what’s likely to be one of the bigger publishing deals of the year, BMG has signed a long-term, global deal to represent Roger Waters’ catalogue of Pink Floyd songs.
The Deal incorporates Floyd classics, for example, Money, Shine On You Crazy Diamond, Another Brick In The Wall and Comfortably Numb, with Waters being a key essayist on enormous offering collections, for example, 1973’s The Dark Side Of The Moon and 1979’s The Wall. Pink Floyd have sold more than 250 million collections in their profession.
BMG CEO Hartwig Masuch said in a statement: “We are honoured that Roger Waters has chosen BMG, the youngest of the big international music companies, to represent his legendary and exquisite catalog. To win the endorsement and trust of one of the world’s most successful songwriters is a significant milestone less than eight years after our launch.”
“October a year ago I put on a gig called Music Heals with some injured veterans in Washington DC,” said Waters. “BMG upheld us. I’m exceptionally happy to be back in the same group.”
The arrangement will be a further support to BMG, which was the No.4 distributer in the UK for collections in 2015, with a 9.4% piece of the overall industry. It was positioned fifth for singles (10.66%) and on the joined singles/collections posting (10.48%).
Waters’ Pink Floyd index was already managed by Warner/Chappell. Prior this year, another key Warner/Chappell index changed hands, with REM marking an arrangement with Universal Music Publishing Group. W/C UK overseeing chief Richard Manners left the organization in April and has been supplanted by Mike Smith.