New deal will 'help Pink Floyd reach new and existing fans'
Pink Floyd have ended a dispute with record label EMI over the use of their songs online.
The band, who originally signed to EMI in 1967, have now signed a new contract with the label.
They had taken EMI to the High Court over the dispute in March 2010, with a judge ruling in the band’s favour. EMI have now confirmed that a new deal between both parties has now been signed.
“All legal disputes between the band and the company have been settled as a result of this new deal,” a statement from the label read, explaining that the company aims to “help the band reach new and existing fans through their incredible body of work”. The deal will last for five years, reports BBC News.
The initial dispute related to a contract between Pink Floyd and EMI that had been negotiated in the late 1990s, which stated that the band’s songs should not be sold individually without their prior permission.
The band argued that the rule should apply to download sales in stores such as iTunes as well as CDs. EMI disagreed, claiming the word “record” in the band’s contract applied “to the physical thing”.