BMG and KKR team up to purchase music rights
published : 25 Mar 2021 at 07:45
NEW YORK: German music management group BGM announced a partnership with US investment company KKR Wednesday in a move to acquire streaming rights — a new potentially lucrative frontier for investors.
The agreement does not mean the creation of a new joint company nor the acquisitions of any stakes, the two entities said in a statement.
BMG Rights Management was created in 2008 to allow Bertelsmann, its German parent company, to invest in new music…
