Jem Aswad Senior Music EditorAs the music-rights acquisition spree led by Hipgnosis, Primary Wave, Round Hill and others continues to heat up, Warner Music has thrown its hat into the ring, notifying Wall Street Monday that its acquisition group has raised $250 million via a private offering, noting that it “intends to use the net proceeds of the offering to fund a portion of aggregate cash considerations of certain acquisitions.” The news was first reported by Music Business Worldwide.While Warner has invested in assets ranging from the tech company IMGN and the live-music app Songkick to the publications like HipHopDX and Uproxx, a source confirmed to Variety that the objective of the new offering is repertoire, particularly catalogs..
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