When Private Equity Came for the Music Industry
NYT M&A
MARCH 18, 2024
Private equity is cannibalizing the music industry by buying up old hits and pushing them back into our cultural consciousness.
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NYT M&A
MARCH 18, 2024
Private equity is cannibalizing the music industry by buying up old hits and pushing them back into our cultural consciousness.
NYT M&A
NOVEMBER 21, 2023
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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Law 360 M&A
MARCH 5, 2024
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.
The Guardian M&A
APRIL 21, 2024
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.
Law 360 M&A
MARCH 13, 2024
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.
Law 360 M&A
MARCH 7, 2024
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
Law 360 M&A
FEBRUARY 20, 2024
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.
Benzinga
FEBRUARY 12, 2024
Sony Group Corp (NYSE: SONY ) looks to acquire a 50% stake in the music catalog of the iconic pop star Michael Jackson from his estate in a landmark deal valued at over $600 million, marking the largest transaction of its kind in history, as reported by Billboard.
Law 360 M&A
FEBRUARY 11, 2024
French digital music label Believe SA said Monday that it has been handed a €1.46 billion ($1.57 billion) offer by an investment consortium that includes its founder to take the company off the French stock exchange.
Benzinga
MARCH 6, 2024
NEW YORK, March 07, 2024 (GLOBE NEWSWIRE) -- Warner Music Group ("Warner Music Group" or WMG") confirms that on February 21, 2024 it approached Believe SA, a global digital music company headquartered in France and listed on the regulated market of Euronext Paris ("Believe" or the "Company") to initiate discussions with respect to a potential combination (..)
Reynolds Holding
FEBRUARY 11, 2024
At the same time, there are countless other music streaming startups that have “died on the vine,” as Rutgers professor Michael Carrier once wrote. Spotify was founded to provide music fans with an alternative to piracy. Why is this?
Law 360 M&A
FEBRUARY 14, 2023
Music technology platform SourceAudio Holdings LLC sued Swiss music fintech company Utopia Music AG in Delaware's Court of Chancery, alleging that Utopia had failed to follow through on a $26.5 million purchase agreement and is now in arrears to the tune of $37.26
Law 360 M&A
JUNE 7, 2023
Mike Poster, partner-in-charge at Michelman & Robinson LLP, considers himself a corporate attorney, but his work as a leading legal pro in the music acquisition and financing business is far from typical corporate work.
Benzinga
FEBRUARY 22, 2024
22, 2024 (GLOBE NEWSWIRE) -- Music Licensing, Inc. Following a rigorous and competitive bidding process, Music Licensing, Inc. The established agreement, dating back to 1881, confers upon Music Licensing, Inc. Noch, CEO of Music Licensing, Inc. "This " With this acquisition, Music Licensing, Inc.
Benzinga
SEPTEMBER 6, 2023
Warner Music Group Corp (NASDAQ: WMG ) inked a joint venture with 10K Projects , the groundbreaking Los Angeles-based label founded in 2016 by Elliot Grainge, the son of Universal Music chief Lucian Grainge — Warner Music's rival. Full story available on Benzinga.com
Law 360 M&A
NOVEMBER 15, 2023
New York-based music investing startup GoldState Music said Wednesday it has received an investment from Chicago-based private equity firm Flexpoint Ford to accelerate its strategy of investing in music intellectual property assets.
Law 360 M&A
DECEMBER 8, 2023
The discipline of performing live music has directly and positively influenced my effectiveness as a litigator — serving as a reminder that practice, intuition and team building are all important elements of a successful law practice, says Jeff Wakolbinger at Bryan Cave.
Law 360 M&A
NOVEMBER 22, 2023
New Mountain Capital will purchase BMI in a deal that New Mountain has said will allow it to bolster the music rights giant's long-term growth at a time when the music infrastructure supporting artists has failed to keep pace with rapid digitization.
Law 360 M&A
MARCH 8, 2024
A consortium of investors looking to take over French digital music company Believe SA on Friday acknowledged a competing offer lobbed by entertainment conglomerate Warner Music Group while reiterating that it believes its own bid is "best positioned" to help the music company thrive.
Benzinga
SEPTEMBER 21, 2022
21, 2022 (GLOBE NEWSWIRE) -- Music therapy has been shown to be a promising treatment for a wide range of mental health issues, including depression, anxiety, post-traumatic stress disorder (PTSD), and substance abuse. The benefits of music therapy are manifold. Westford,USA, Sept. Get sample copy of this report: [link].
Benzinga
MARCH 1, 2023
Shephard Ashmore has been Canada's leading music insurance brokerage for over 40 years. They pioneered music insurance programs for independent artists in the late 1970s, and today they count some. in Vancouver, B.C. Full story available on Benzinga.com
Benzinga
JULY 29, 2022
July 29, 2022 (GLOBE NEWSWIRE) -- via InvestorWire – Nuvus Gro Corp ( OTC Pin k : NUVG ) Announces Name Change to Music Licensing, Inc. The Change comes ahead of the acquisition of Pro Music Rights, Inc. one of the world's largest music licensing companies. About Pro Music Rights, Inc. Pro Music Rights controls an.
Benzinga
APRIL 29, 2022
NEW YORK, April 29, 2022 (GLOBE NEWSWIRE) -- Today, French games, technology, and blockchain product developer Crypto Blockchain Industries (CBI), announces that it has signed an agreement to acquire Xave , a blockchain technology company based in Barcelona and Argentina that has been developing Xave World , a dedicated music metaverse.
Financial Times M&A
APRIL 23, 2024
Sale of Audiotonix to PAI comes as private equity transactions pick up after a slow 18 months
Financial Times M&A
APRIL 24, 2024
Offer for music rights group rises to $1.5bn as Apollo-backed investor beats rival’s bid
Benzinga
APRIL 11, 2024
Multi-state marijuana operator MariMed Inc. CSE: MRMD ) (OTCQX: MRMD ) has closed the acquisition of Allgreens Dispensary, LLC on Tuesday, April 9, its fifth dispensary in Illinois.
Financial Times M&A
MARCH 26, 2024
Europe’s largest media group open to ‘joining forces’ after previous expansion attempts were scuppered by regulators
Financial Times M&A
APRIL 20, 2024
Emergence of higher offer could trigger battle for music rights owning company
Law 360 M&A
APRIL 25, 2024
competitor Concord Chorus to buy the music rights investor for $1.5 Hipgnosis Songs has accepted a revised offer from its U.S. billion, ditching Blackstone's $1.2 billion offer just days after accepting the private equity giant's deal.
Financial Times M&A
APRIL 18, 2024
Struggling music rights business strikes deal with Apollo-backed group
Law 360 M&A
APRIL 4, 2024
Less than a year after playing their final show, members of '70s rock band Kiss said on Thursday that they're selling off their intellectual property to a private equity outfit owned by the guitarist of ABBA who is already promising investors that "plans for a biopic, an avatar show, and a Kiss-themed experience are already in the works."
Financial Times M&A
FEBRUARY 22, 2024
Private equity group decides to not stick around as an owner of song catalogues
Financial Times M&A
MARCH 7, 2024
Approach comes less than a month after proposal led by founder and chief to take company private
Law 360 M&A
APRIL 18, 2024
Concord Chorus has agreed to buy its British music royalties rival Hipgnosis Songs Fund in an all-cash transaction worth $1.4 billion, as the U.S. company looks to add 1.2 million more songs to its portfolio, the companies said in joint statement Thursday.
Financial Times M&A
OCTOBER 6, 2023
Some investors believe the sale of music rights to a private sister fund owned by Blackstone undervalues the assets
NYT M&A
NOVEMBER 29, 2022
A dealmaker and superstar matchmaker, he worked with artists like Barbra Streisand, Dolly Parton and Tracy Chapman. Later he was chairman of Martha Stewart Living.
Financial Times M&A
OCTOBER 17, 2023
Ailing company says deal would deliver ‘some small value’ to shareholders after it halted lending this year
Financial Times M&A
OCTOBER 25, 2023
Plus, the Hess dynasty tale and AirAsia taxis down Spac runway
Financial Times M&A
DECEMBER 13, 2023
Wall Street firms that had been vying to snap up song rights have slowed their buying considerably
Financial Times M&A
JANUARY 18, 2024
Merck Mercuriadis in battle to stay on at investment trust that owns thousands of songs
Financial Times M&A
MARCH 30, 2023
Family group supplied its first amps to young musicians such as guitarist Pete Townshend
NYT M&A
FEBRUARY 8, 2023
The acquisition is the famed music manager’s first major move at Hybe America — a division of the South Korean firm — since he became its sole chief executive last month.
Mckinsey and Company
AUGUST 15, 2023
Sharpen your problem-solving skills the McKinsey way, with our weekly crossword. Each puzzle is created with the McKinsey audience in mind, and includes a subtle (and sometimes not-so-subtle) business theme for you to find. Answers that are directionally correct may not cut it if you’re looking for a quick win.
Valutico
MARCH 14, 2024
The competitive streaming scene Spotify holds a dominant position in the music streaming industry, with a substantial share of the global market. This dominance is challenged by competitors like Apple Music, Amazon Music, and YouTube Music.
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