Tuesday, January 4, 2011

Pink Floyd re-signs with EMI

Pink Floyd have ended a legal battle with their record company EMI and signed a new contract with the label.

The BBC reports the legendary rock group recently won a court ruling against the label over whether a deal signed in the pre-download age could be applied to digital sales.

"All legal disputes between the band and the company have been settled as a result of this new deal," EMI said. The label said it would "help the band reach new and existing fans through their incredible body of work."

Pink Floyd - who have sold more than 200 million albums worldwide - have been with EMI since signing their first record deal in the 1960s. The new agreement will last for five years.

They have chosen not to follow acts like The Rolling Stones, Paul McCartney, Queen and Radiohead, who have all left the label since it was taken over by private equity firm Terra Firma in 2007.

Announcing the new deal, EMI chief executive Roger Faxon said: "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."

For more details, check out the BBC report here.

Pink Floyd – Speak to Me/Breathe/Breathe (Reprise) / Money / Wish You Were Here / Comfortably Numb
Live 8 – Hyde Park – London, UK - July 2, 2005

See also:

Roger Waters: 2011 London shows of The Wall to be filmed
Pink Floyd win EMI royalties battle
Pink Floyd: David Gilmour’s son released on bail
Pink Floyd: David Gilmour’s son arrested following London riots
Pink Floyd: David Gilmour’s son apologizes for London memorial protest