Pink Floyd has signed a new five-year contract with its long-time record label EMI Music.
According to an EMI press release, under the new agreement, EMI will continue to market and distribute the band’s catalogue, and “all legal disputes between the band and the company have been settled” as a result of the new deal.
Relations between the band and its label had been contentious, as Floyd brought suit against EMI for alleged unpaid royalties, and for selling its tracks piecemeal, an industry practice called “unbundling,” which Floyd claimed was prohibited by the band’s contract.
“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. “We’re looking forward to continuing to help the band reach new and existing fans through their incredible body of work.
“And, by the way, which one’s Pink?”
(We added that last part ourselves.)
