Roger Waters Could Cost Pink Floyd Their Catalog Sale
via Roger Waters/Facebook
Rumors say that Roger Waters‘ recent explosive comments have affected the negotiations of Pink Floyd’s catalog sale.
The band has been quietly selling their “recorded-music catalog and other assets for several months, seeking as much as $500 million.” However, Waters, being always outspoken and opinionated regarding the social issues, may have led their potential buyers to question the value of such a deal.
Most recently, Waters pointed out the mainstream media and called it a “western propaganda.” He also claimed that the Russian war crimes in Ukraine are “lies, lies, lies,” and even labelled the United States as “the most evil of all by a factor of at least 10 times.”
Certainly, comments like that may tend prospective buyers to pause, potentially lowering the price they’re willing to pay, or even pulling out. There’s also a report revealing that one potential buyer was considering a retraction of their offer because of Waters’ comments.
However, these comments aren’t the only deciding factors for the potential buyers. Some reliable sources noted that influences affecting the catalog sale include “tax issues, rising interest rates, the sinking value of the British pound, global recession concerns and the prospect of getting an even bigger price, have delayed the [sale] process.”
Considering how classic rock catalogs have become a huge business of music icons, it seems that it is safe to assume that Pink Floyd will attract potential buyers under normal circumstances. In recent years, some acts like Bob Dylan, Neil Young, Journey and Stevie Nicks have cashed in on deals like this.
Waters is the only one among the band who is involved in a potential catalog sale. Nick Mason, David Gilmour and the estate of late keyboardist Richard Wright has not yet spoken about this. A source added that “the other band members must be furious.”