Universal Music Group Acquires Stake in Chord Music Partners for $240 Million

The deal grants Universal a 25.8% interest in the music IP company, enhancing its catalog with iconic songs from artists like Beyoncé and The Weeknd.

Universal Music Group has purchased a 25.8% stake in Chord Music Partners for $240 million, joining the consortium of owners.
Chord Music Partners, launched by KKR and Dundee Partners in 2021, owns over 60,000 song copyrights from artists such as Fleetwood Mac, Maroon 5, and John Legend.
KKR exits Chord following the transaction, with Dundee Partners increasing its share to 74.2% and Universal holding the remaining minority share.
The partnership aims to manage Chord’s rights and jointly acquire additional music catalogs, leveraging Universal's global distribution and publishing administration capabilities.
Universal's acquisition reflects a strategic move to invest in music catalogs without outright purchases, amidst a high valuation period for music IP.