Jem Aswad Senior Music EditorThe already-crowded music-catalog-acquisition business just got a formidable new player: Germany-based music company BMG and global investment firm KKR have announced they will join forces to pursue recorded music, music publishing and other music-rights acquisitions. “Working together, the companies will deliver a compelling solution for artists, songwriters and other music rights owners seeking to realize and grow the value of their music assets,” the announcement reads.The agreement is exceptional because it combines BMG’s music and industry knowledge and contacts — not to mention its recorded-music and publishing operations — with KKR’s network, resources and experience as an investor in market-leading.
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