Pink Floyd has signed a new five-year global partnership with EMI Music, the company announced on Tuesday. The deal allows Pink Floyd's long-time record label to continue marketing and distributing the band's catalog.
The deal is a high-profile win for a company with many high-profile exoduses in recent years. Radiohead, Queen, the Rolling Stones and Paul McCartney have left EMI in recent years.
This deal ends all legal disputes between the two parties. Pink Floyd had twice beat EMI in court over the right to sell individual digital downloads only with the band's permission. At the same time, Pink Floyd also disputed the calculation of online royalty payments. EMI's press release did not give details on the resolution of the parties' legal disputes.