Despite some thorny legal issues in the recent past, Pink Floyd have signed a new five-year contract with EMI Music. The new contract, described as a global partnership to market and distribute the band’s bestselling catalogue, will settle all legal disputes between the band and label.
Early last year Pink Floyd won a court case that ruled that EMI had violated a 1999 contract predating the rise of digital-music retailers stipulating that their songs could not be sold outside the context of their original albums. Despite the ruling, Pink Floyd tracks are still sold a la carte in digital shops such as iTunes and Amazon, and will remain on sale as part of this new partnership.
Money! Pink Floyd Stays at EMI–and iTunes [Media Memo]