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Pink Floyd keeps control

Pink Floyd keeps control

In a ruling this afternoon, the court dismissed the appeal by EMI against the High Court judgement earlier this year that the group's individual songs must not be sold without permission.

In the latest stage in the dispute over an alleged £10m in unpaid royalties from sales between 2002 and 2007, lawyers acting on behalf of Pink Floyd argue that its 1999 contract with EMI required the label to sell its works only as albums, even in a digital context.

This comes as a further knock to EMI's stock this week, following reports in the financial press that Guy Hands has lost the confidence of key investors and is preparing to relinquish Terra Firma's control in EMI to Citigroup before Christmas.

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