KKR and BMG join music-bidding wars amid streaming boom
Private equity firm and music company form ‘alliance’ to search for deals together
24 March 2021 - 17:58
Private equity firm KKR and music company BMG Rights Management are teaming up to acquire song catalogs, following blockbuster deals by artists such as Bob Dylan, Stevie Nicks and Neil Young.
The two parties will search for deals together and can invest as each side sees fit, according to a statement on Wednesday. The firms didn’t disclose the financial terms of their arrangement, which they are calling an alliance. KKR isn’t buying a stake in BMG, nor did the two form a joint venture or fund...
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