Jem Aswad Senior Music EditorIt hardly came as a surprise, but Kobalt’s second giant catalog sale in less than a year made headlines on Tuesday morning when the company announced that KKR, together with its co-investor, Dundee Partners, purchased the KMR Music Royalties II portfolio for a whopping $1.1 billion — even more than the billion the company was said to be seeking.
Included in that 62,000-copyright catalog are hits by the Weeknd, Lorde, Jimmy Jam and Terry Lewis, Diplo, Max Martin collaborator Shellback, Kid Cudi and more.
Read more on variety.com