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ROGER WATERS' PINK FLOYD TUNES HEADED TO BMG

BMG has signed Roger WatersPink Floyd catalog in one of the company’s largest deals. Details were not disclosed on the long-term deal, but the catalog is expected to create significant revenue for the 8-year-old company.

Pink Floyd albums still generate sales of around £1m a year in the U.K. alone. “It’s the nearest thing to a surefire bet in the music industry,” a BMG insider said. “The stakes for live performance are even higher. An arena tour with ticket sales which can easily reach £1m a night would generate performance royalties of £50k a night in the U.K. and even more in some other countries."

The catalog includes Waters songs from 1967’s Piper At The Gates Of Dawn through The Final Cut in 1983 and includes the classics “Money,” “Shine On You Crazy Diamond,” “Another Brick In The Wall” and “Comfortably Numb.”

“We are honoured that Roger Waters has chosen BMG, the youngest of the big international music companies to represent his legendary and exquisite catalog,” BMG CEO Hartwig Masuch said. “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.”

Waters, who had an enormously successful global stadium tour of his The Wall show said, “October last year, I put on a gig called ‘Music Heals’ with some wounded veterans in Washington, D.C. BMG supported us. I'm very glad to be back in the same team.”

Pink Floyd recently moved its catalog to Sony, where Legacy Recordings is releasing Pink Floyd albums in groups of four this year.

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