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Sony, in collaboration with Singapore's GIC sovereign wealth fund, is reportedly acquiring over 45,000 songs and hundreds of global hits from Blackstone's Recognition Music Group catalog for almost $4 billion, including works by artists like Leonard Cohen and Justin Bieber.
Sony Music Publishing is reportedly in negotiations to acquire assets from Recognition Music Group from Blackstone, with some sources suggesting the deal could encompass the entire portfolio.
Sony Music Publishing has acquired the entire catalog of Recognition Music Group in a deal reportedly worth over a billion dollars. The acquisition includes publishing rights to numerous hit songs by artists such as Fleetwood Mac, Beyoncé, and Lady Gaga.
Sony is reportedly close to finalizing a significant music rights deal that would encompass the catalogs of several prominent artists, including Shakira, Journey, Neil Young, and Justin Bieber.