Latest news with #musiccatalogs
Yahoo
3 days ago
- Business
- Yahoo
Warner Music and Bain Capital Announce $1.2 Billion Joint Venture to Invest in Music Catalogs
Warner Music Group and Bain Capital are launching a joint venture to allow for the purchase of up to $1.2 billion in music catalogs across both recorded music and music publishing. The partnership was formed through equal equity commitments from WMG and Bain Capital. WMG and Bain will together source and acquire the catalogs, while WMG will manage all aspects of marketing, distribution, and administration. The deal combines WMG's infrastructure and relationships with Bain Capital's global resources and financial capabilities. More from Variety Warner Music Posts Tough Quarterly Earnings, Revenue Down 1% Warner Music Group Teams With Anjula Acharia on South Asian Music Label Music Industry Moves: Kobalt Partners With EDM Label Thrive Music While the volume of the catalog-acquisition boom around the turn of the last decade has slowed significantly, the size of the deals has not. In the past couple of years Sony has made enormous investments in Queen and Pink Floyd catalogs — $1.1 billion and $400 million respectively — while Primary Wave made a $100 million deal for 50% of Notorious B.I.G.'s holdings. Warner Chappell publishing recently made an undisclosed deal for Tom Petty's catalog. 'Iconic artists and songwriters choose WMG to grow their legacies and introduce their art to new generations through impactful and innovative campaigns,' said Robert Kyncl, CEO, Warner Music Group. 'Augmenting our deep expertise and global infrastructure with Bain Capital's financial prowess and belief in music will make us the destination of choice for preeminent catalogs.' 'Timeless music content continues to sit at the center of consumer entertainment,' said Angelo Rufino, a Partner at Bain Capital. 'Stewardship of catalogs has never been more important as artists and songwriters deserve support to enhance the value of their work while delivering fans new and exciting collaborations. Warner Music Group, with its deep creative resources and partnership culture, is the ideal partner for Bain Capital to work alongside as we grow and safeguard the world's iconic music.' Goldman Sachs and Fifth Third Bank will serve as joint lead arrangers to the joint venture. Best of Variety Oscars 2026: George Clooney, Jennifer Lopez, Julia Roberts, Wagner Moura and More Among Early Contenders to Watch New Movies Out Now in Theaters: What to See This Week 'Harry Potter' TV Show Cast Guide: Who's Who in Hogwarts? Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
4 days ago
- Business
- Bloomberg
Warner Music and Bain Set Venture, Seek Red Hot Chili Peppers Songs
Warner Music Group Corp. and investment firm Bain Capital are joining together to invest as much as $1.2 billion in iconic music catalogs. The venture 'will provide artists and songwriters with opportunities to preserve and expand the reach of their catalogs, ensuring their legacies are well cared for,' the companies said in a statement on Tuesday. The two will acquire catalogs together, while Warner Music will manage marketing, distribution and administration.
Reuters
4 days ago
- Business
- Reuters
Warner Music, Bain Capital launch JV to invest up to $1.2 billion in music catalogs
July 1 (Reuters) - Warner Music Group (WMG.O), opens new tab and private equity firm Bain Capital are launching a joint venture to purchase up to $1.2 billion in music catalogs, the companies announced Tuesday.
Yahoo
4 days ago
- Business
- Yahoo
WARNER MUSIC GROUP AND BAIN CAPITAL ANNOUNCE LAUNCH OF JOINT VENTURE TO INVEST UP TO $1.2 BILLION IN ICONIC MUSIC CATALOGS
NEW YORK and BOSTON, July 1, 2025 /PRNewswire/ -- Warner Music Group (NASDAQ: WMG), the global music entertainment company, and Bain Capital, a leading global private investment firm, are launching a joint venture to allow for the purchase of up to $1.2 billion of legendary music catalogs across both recorded music and music publishing. The partnership was formed through equal equity commitments from WMG and Bain Capital. This new strategic venture will provide artists and songwriters with opportunities to preserve and expand the reach of their catalogs, ensuring their legacies are well cared for. WMG and Bain Capital will together source and acquire the catalogs, while WMG will manage all aspects of marketing, distribution, and administration. By combining WMG's worldwide infrastructure and relationships with Bain Capital's global resources and financial capabilities, the venture is well-positioned to set a new standard as the preferred partner for renowned musical talent. This deal comes at an opportune time in the music industry, given changing fan behavior, driven by streaming and emerging technologies that introduce classic music to new audiences. "Iconic artists and songwriters choose WMG to grow their legacies and introduce their art to new generations through impactful and innovative campaigns," said Robert Kyncl, CEO, Warner Music Group. "Augmenting our deep expertise and global infrastructure with Bain Capital's financial prowess and belief in music will make us the destination of choice for preeminent catalogs." "Timeless music content continues to sit at the center of consumer entertainment," said Angelo Rufino, a Partner at Bain Capital. "Stewardship of catalogs has never been more important as artists and songwriters deserve support to enhance the value of their work while delivering fans new and exciting collaborations. Warner Music Group, with its deep creative resources and partnership culture, is the ideal partner for Bain Capital to work alongside as we grow and safeguard the world's iconic music." Goldman Sachs and Fifth Third Bank will serve as joint lead arrangers to the joint venture. Access logo here. About Warner Music GroupWarner Music Group (WMG) brings together artists, songwriters, entrepreneurs, and technology that are moving entertainment culture across the globe. Operating in more than 70 countries through a network of affiliates and licensees, WMG's Recorded Music division includes renowned labels such as 10K Projects, 300 Entertainment, Asylum, Atlantic, Big Beat, EastWest, Elektra, Erato, First Night, Fueled By Ramen, Nonesuch, Parlophone, Reprise, Rhino, Roadrunner, Sire, Spinnin', Warner Records, Warner Classics, and Warner Music Nashville. WMG's music publishing arm, Warner Chappell Music, has a catalog of over one million copyrights spanning every musical genre, from the standards of the Great American Songbook to the biggest hits of the 21st century. Warner Music Group is also home to ADA, which supports the independent community, as well as artist services division WMX. Follow WMG on Instagram, X, TikTok, LinkedIn, and Facebook. About Bain CapitalFounded in 1984, Bain Capital is one of the world's leading private investment firms. We are committed to creating lasting impact for our investors, teams, businesses, and the communities in which we live. As a private partnership, we lead with conviction and a culture of collaboration, advantages that enable us to innovate investment approaches, unlock opportunities, and create exceptional outcomes. Our global platform invests across five focus areas: Private Equity, Growth & Venture, Capital Solutions, Credit & Capital Markets, and Real Assets. In these focus areas, we bring deep sector expertise and wide-ranging capabilities. We have 24 offices on four continents, more than 1,850 employees, and approximately $185 billion in assets under management. To learn more, visit Follow @BainCapital on LinkedIn and X (Twitter). Press Contacts:Warner Music GroupSummer Wilkie / James / Bain CapitalCharlyn Lusk / Scott LessneStanton(646) 502-3549 / (646) 502-3569clusk@ / slessne@ View original content to download multimedia: SOURCE Warner Music Group Corp. Sign in to access your portfolio
Yahoo
4 days ago
- Business
- Yahoo
Warner Music, Bain Capital launch JV to invest up to $1.2 billion in music catalogs
(Reuters) -Warner Music Group and private equity firm Bain Capital are launching a joint venture to purchase up to $1.2 billion in music catalogs, the companies announced Tuesday.
