BMG and KKR are ready to spend at least $1bn on music copyrights 

BMG boss Hartwig Masuch would like to make it clear that his company’s new industry-shaking pact with investment giant KKR – under which both sides will co-own acquired assets – has much more going for it than its spending power. Even so, after a sustained hiatus from buying music assets, BMG has its check-book out once again… and it’s ready to write down some colossal numbers.

Source: BMG and KKR are ready to spend $1bn on music copyrights – and that’s just for starters…

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