Pimco, one of the world’s biggest investment firms, turns its attention to music rights

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

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