The jungle of music rights acquisitions has become a crowded and expensive place. But the game just changed again – as an 800-pound gorilla enters the fray.
BMG and investment giant KKR have announced an alliance that will see them team up to acquire and manage music copyrights.
MBW understands that the result of the combination will see KKR and BMG co-invest in rights across both recorded music and music publishing. This will enable BMG to increase its spending power in the highly competitive catalog acquisition market, while giving KKR a global administrative/operational partner for music rights with a financial interest in maximizing returns.