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Hartwig Masuch reports record Music and Hartwig Masuch

BMG and KKR acquire ZZ Top music rights

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completemusicupdate.com
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BMG and KKR have clubbed all their Christmas money together and bought themselves every single music right ZZ Top had knocking about.The music company and investment firm have a long history together, and in March this year formally announced a new alliance to get in on the latest music rights acquisition fad.Through that alliance they’ve now acquired ZZ Top’s publishing catalogue, as well as the band’s royalty rights on the recordings side, for a reported $50 million.

BMG was previously co-publisher and administrator of the band’s songs.“This deal is a testament to the success, staying power and continuing musical relevance of ZZ Top, but also to the power of our partnership with KKR”, says BMG CEO Hartwig Masuch.

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