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When Private Equity Came for the Music Industry

NYT M&A

Private equity is cannibalizing the music industry by buying up old hits and pushing them back into our cultural consciousness.

Equity 145
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Music Licensing Giant BMI Sells to Private Equity Firm

NYT M&A

Broadcast Music Inc., one of the major performing rights organizations in the United States, collected $1.57 billion and distributed $1.47 billion for its 2022 fiscal year.

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$1.2B 'King Of Pop' Music Catalog Deal Leads Top 10 Ever

Law 360 M&A

As a stable asset class that has fared well amid economic uncertainty, music catalogs have attracted much attention from both private equity firms and music industry corporations that are attuned to increasingly lucrative royalty fees and spikes in music streaming.

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Hipgnosis in takeover battle as UK music investor says it would accept rival bid

The Guardian M&A

Possible counteroffer by Blackstone could derail agreement with US fund Concord Chorus The troubled owner of music back catalogues ranging from Beyoncé to Neil Young has said that it would accept a takeover offer from Blackstone, after the private equity investor revealed it was considering outbidding a rival rights owner’s deal.

Equity 86
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KKR Leads $500M HarbourView Music-Backed Financing

Law 360 M&A

HarbourView Equity Partners said Wednesday it has secured about $500 million in debt financing through a music asset-backed securitization led by KKR, which will be used to further expand HarbourView's music investment capabilities.

Finance 52
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Warner Music To Make €1.7B Offer For France's Believe

Law 360 M&A

based entertainment conglomerate Warner Music Group on Wednesday confirmed that it has expressed interest in acquiring Believe SA in a deal that could value the French digital music company at approximately €1.65

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UMG Snags Stake In Music Rights Co., Valuing Biz At $1.85B

Law 360 M&A

Music entertainment company Universal Music Group on Tuesday announced it plans to buy private equity giant KKR's minority stake in Chord Music Partners in a deal that values the music label at $1.85 billion and was built by six firms.

Equity 52