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Warner Music and Bain Capital Form $1.2 Billion Catalog Acquisition Venture

It merges WMG’s global infrastructure with Bain’s capital to target iconic music catalogs.

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Overview

  • WMG and Bain each committed equal equity to back up to $1.2 billion in recorded music and publishing catalog purchases.
  • WMG will oversee all marketing, distribution and administration for the joint venture’s acquired catalogs.
  • Goldman Sachs and Fifth Third Bank will serve as joint lead arrangers for the venture’s financing.
  • The move underscores a sustained appetite for high-value catalog deals following major transactions by Sony and Primary Wave.
  • WMG has also initiated a $170 million restructuring to reallocate savings toward artist development and further catalog acquisitions.