Earlier this month, MBW reported that senior music industry sources had learned that Apollo Global Management had partly funded Sony Music Group’s $1 billion-plus acquisition of Queen’s recordings.
Today (July 26th) Apollo check It is a major investor in ~ 700 million dollars “Capital Solutions” Sony Music Group.
Apollo says this “capital solution” is intended to fund “investment in the music industry.”
Apollo Partner Jamshid Ehsani said, “We are delighted to provide tailored capital solutions to an affiliate of one of the world’s leading companies. This investment will enable our client to invest in high-quality securities while helping Sony execute on its business plan.”
As we reported on July 4th, Apollo – The company, which has about $671 billion in assets under management, has also expanded into other areas of the music rights market in recent years.
Apollo claimed to have led the largest asset-backed securities (ABS) deal ever in 2022. SameWhen the latter company set the price $1.8 billion Bond issuance based on over 1 million music copyrights.
Meanwhile, in 2021, former CEO of Tempo Music Sherez Clark Soares setting Harborview Equity Partners With support from Apollo, HarbourView has been building up roughly since then. $1.6 billion In “Regulatory Management Assets”
Apollo also recently supported it. Same In the latter company’s attempt to acquire the assets of Hipgnosis Songs Fund (HSF).
Concord officially withdrew from the HSF bid in May, leaving global investment giant Blackstone as the frontrunner in the bid.
As a result, previously, Apollo The bidder (Concord Chorus Ltd) has pledged both debt and minority equity. $1.51 billion Acquire HSF.
Early today, Hypnosis Songs Fund Blackstone has confirmed it will delist HSF from the London Stock Exchange next week, effectively confirming its acquisition.
Sony Music Group is said to be acquiring Queen’s recorded music interests, including global music publishing rights, “name and likeness” rights, and recording rights outside North America. Disney Music Group.Music Business Worldwide
