Sony launches $2B music rights acquisition JV with Singapore’s GIC
Sony Music Group is forming a music rights-buying three way partnership with Singapore’s sovereign wealth fund, GIC Pte.
Bloomberg reviews that GIC and Sony plan to speculate $2 billion to $3 billion within the enterprise.
Based on Bloomberg, Sony and GIC plan to pursue “high-quality, marquee music belongings throughout a spread of genres”.
“As a long-term investor, GIC seeks to be a inventive and versatile capital associate to strategic trade leaders like Sony,” Girish Karira, head of the sovereign fund’s built-in methods group, stated in a press release.
“Partnering with GIC brings collectively long-term capital and Sony Music Group’s operational capabilities to accumulate and handle premier catalogs, creating new alternatives for artists’ and songwriters’ music globally.”
Kevin Kelleher, Sony Music
“Partnering with GIC brings collectively long-term capital and Sony Music Group’s operational capabilities to accumulate and handle premier catalogs, creating new alternatives for artists’ and songwriters’ music globally,” Kevin Kelleher, Sony Music’s Chief Working officer, is quoted as saying in a press release.
Sony Music Group Chairman and CEO Rob Stringer revealed final June that the corporate had spent $2.5 billion on over 60 offers prior to now 12 months.
Talking throughout Sony Group’s 2025 Enterprise Section Presentation for traders, Stringer stated that the music firm “accomplished greater than 60 investments prior to now 12 months alone” and spent “over $2.5 billion for frontline, catalog, in addition to inventive and repair ventures with exterior entrepreneurs throughout an unlimited variety of territories”.
The corporate’s acquisitions have included the catalogs of iconic artists like Queen and Pink Floyd.
In the meantime, Sony isn’t the one main music firm to staff up with deep-pocketed monetary gamers to ascertain billion-dollar-plus funds to purchase music rights.
In July final 12 months, Warner Music Group and personal funding big Bain Capital unveiled their plans for a $1.2 billion music rights-buying three way partnership.
In February 2024, Common Music Group acquired a minority stake in Chord Music Companions, a platform established by funding big KKR with Dundee Companions, for USD $240 million.
Subsequent to partnering with UMG, Chord raised over USD $2 billion in investable capital to purchase music rights, in line with MBW sources near the corporate.Music Enterprise Worldwide
