Sony Music Group is forming a music rights-buying three way partnership with Singapore’s sovereign wealth fund, GIC Pte.
Bloomberg experiences that GIC and Sony plan to take a position $2 billion to $3 billion within the enterprise.
In accordance with Bloomberg, Sony and GIC plan to pursue “high-quality, marquee music belongings throughout a spread of genres”.
“As a long-term investor, GIC seeks to be a artistic and versatile capital companion to strategic business leaders like Sony,” Girish Karira, head of the sovereign fund’s built-in methods group, mentioned in an announcement.
“Partnering with GIC brings collectively long-term capital and Sony Music Group’s operational capabilities to amass and handle premier catalogs, creating new alternatives for artists’ and songwriters’ music globally.”
Kevin Kelleher, Sony Music
“Partnering with GIC brings collectively long-term capital and Sony Music Group’s operational capabilities to amass and handle premier catalogs, creating new alternatives for artists’ and songwriters’ music globally,” Kevin Kelleher, Sony Music’s Chief Working officer, is quoted as saying in an announcement.
Sony Music Group Chairman and CEO Rob Stringer revealed final June that the corporate had spent $2.5 billion on over 60 offers previously 12 months.
Talking throughout Sony Group’s 2025 Enterprise Phase Presentation for buyers, Stringer mentioned that the music firm “accomplished greater than 60 investments previously 12 months alone” and spent “over $2.5 billion for frontline, catalog, in addition to artistic and repair ventures with outdoors entrepreneurs throughout an unlimited variety of territories”.
The corporate’s acquisitions have included the catalogs of iconic artists like Queen and Pink Floyd.
In the meantime, Sony isn’t the one main music firm to group up with deep-pocketed monetary gamers to ascertain billion-dollar-plus funds to purchase music rights.
In July final 12 months, Warner Music Group and personal funding big Bain Capital unveiled their plans for a $1.2 billion music rights-buying three way partnership.
In February 2024, Common Music Group acquired a minority stake in Chord Music Companions, a platform established by funding big KKR with Dundee Companions, for USD $240 million.
Subsequent to partnering with UMG, Chord raised over USD $2 billion in investable capital to purchase music rights, in response to MBW sources near the corporate.Music Enterprise Worldwide
