LONDON (AP) — [lastfm link_type=”artist_info”]Pink Floyd[/lastfm] and EMI Group Ltd. have settled their legal dispute and agreed a new five-year contract.
Last year the band sued its longtime label for digitally selling individual tracks “unbundled” from their original albums.
Pink Floyd won an early round of the court battle, but the complex case rumbled on as EMI made an unsuccessful appeal.
EMI said Tuesday that “all legal disputes between the band and the company have been settled as a result of this new deal,” which will see EMI continue to market and distribute Pink Floyd’s catalog.
Pink Floyd signed with EMI in 1967 and became one of its most lucrative acts.
EMI, which also has [lastfm link_type=”artist_info”]The Beatles[/lastfm], [lastfm link_type=”artist_info”]Coldplay[/lastfm] and [lastfm link_type=”artist_info”]Lily Allen[/lastfm] on its books, has struggled financially since it was bought by a private equity firm in 2007.