Jem Aswad Senior Music EditorRyan Tedder — one of the most business-savvy songwriters in the music industry, with songs written with Beyonce, Adele, U2, Paul McCartney, his own group OneRepublic and many more — has sold a majority stake of his music catalog to investment firm KKR, the company announced Monday morning.
Following the acquisition, Tedder will retain an interest in his music alongside KKR. Tedder’s management, Patriot Management, and artist development company mtheory, through its MTC Music Royalties fund, will also participate in the equity transaction.
Interscope Records will continue to own the master recordings of OneRepublic. Other terms of the deal were not disclosed.The catalog includes nearly 500 songs written,.
Read more on variety.com