Earlier this month, MBW reported Senior music business resources Inform us about Apollo International Administration, which is partially funded Sony Music GroupSpending greater than $1 billion to accumulate the Queen’s catalog.
At the moment (July 26), Apollo confirmed It’s a main investor in an organization US$700 million “Capital Options” Sony Music Group.
Apollo mentioned this “capital resolution” is designed to fund “investments within the music business”.
Jamshid Ehsani, associate at Apollo, mentioned: “We’re happy to supply custom-made capital options to a subsidiary of one of many world’s main corporations. This funding permits our shoppers to spend money on high-quality securities whereas serving to sony Execute its marketing strategy.
As we reported on July 4, Apollo The corporate has roughly $671 billion in belongings beneath administration and has develop into lively in different areas of the music rights market lately.
In 2022, Apollo led what it mentioned was the “largest ever” ABS (asset-backed securities) deal harmonywhen the latter agency costs US$1.8 billion The bond challenge is backed by greater than 1 million music rights.
On the similar time, in 2021, Former CEO of Tempo Music Sherry Clark Suarez settings Hong Kong View Fairness Companions With help from Apollo. HarborView has amassed approx. $1.6 billion In “Regulatory Managed Belongings”.
Apollo additionally lately supported harmony Within the latter firm’s bid to accumulate belongings Hipgnosis Song Fund (HSF).
harmony Formally withdrew from the HSF bidding conflict in Might, leaving world funding large Blackstone behind as a front runner In HSF’s takeover battle.
Earlier than this end result happens, Apollo Debt and minority fairness have been dedicated to a bidding entity (Harmony Refrain Ltd) which offered US$1.51 billion Acquisition of HSF.
Earlier in the present day, Hipgnosis Song Fund Affirmation that it’s going to delist from the London Inventory Change subsequent week successfully supplies a rubber stamp for Blackstone to accumulate HSF.
It’s understood that Sony Music Group will buy Queen’s world music publishing rights, their “title and likeness rights”, and their recorded music rights – together with their recording rights exterior North America, and their grasp rights exterior North America. Regionally owned. disney music group.world music enterprise
