The Financial Times reports that Pimco has struck an alliance with BMG to jointly acquire song copyrights. That alliance follows BMG’s separate pact with KKR – a partnership that recently closed acquisitions of rights from John Legend and ZZ Top. The FT cites sources suggesting that Pimco x BMG will seek out smaller deals than those being struck by KKR x BMG.
Source: Pimco, one of the world’s biggest investment firms, turns its attention to music rights