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Home  Latest News Pink Floyd end EMI legal dispute and sign new 5-year contract
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Pink Floyd end EMI legal dispute and sign new 5-year contract |
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Written by Matt
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Wednesday, 05 January 2011 |
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Pink Floyd and EMI have signed a new five-year deal and ended their legal dispute. The band have been with EMI since turning professional in 1967, and since then have sold over 200 million albums worldwide.
"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," EMI Group CEO Roger Faxon said in a statement.
"We're looking forward to continuing to help the band reach new and existing fans through their incredible body of work". EMI added that "All legal disputes between the band and the company have been settled as a result of this new deal".
The dispute centred around the band's last record deal, which was signed before the days of legal downloads and said individual songs could not be sold without the band's permission. The band argued that the rule should apply to download sales in stores such as iTunes as well as CDs, saying their seamless albums should not be split up. The Judge sided with Pink Floyd, despite EMI appealing the judgement.
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