Music major BMG, part of German media giant Bertelsmann, and global investment firm KKR said on Wednesday that they were joining forces "to pursue recorded music, music publishing and other music rights acquisitions." The news of the joint approach comes amid a recent wave of music catalog deals, including London-based Hipgnosis Songs Fund's acquisitions of songs by the likes of Shakira, Michael Bublé, Metallica and Neil Young, andUniversal Music Publishing Group's takeover of Bob Dylan's catalog of songs.
In January, KKR unveiled the acquisition of a majority stake in the music catalog of songwriter, musician, producer and OneRepublic lead vocalist Ryan Tedder.
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