Earlier this month, MBW reported that Apollo Global Management is partially financing Sony Music Group’s $1 billion-plus acquisition of Queen Records, senior music industry sources tell us.
Today (July 26), Apollo confirmed that it is a US$700 million “Capital Solutions” Sony Music Group.
Apollo said this “capital solution” is designed to fund “investments in the music industry”.
Jamshid Ehsani, Partner at Apollo, said: “We are pleased to provide customized capital solutions to a subsidiary of one of the world’s leading companies. This investment enables our clients to invest in high-quality securities while helping Sony execute its business plan.”
As we reported on July 4, Apollo The company has approximately $671 billion in assets under management and has become active in other areas of the music rights market in recent years.
In 2022, Apollo led what it said was the “largest ever” ABS (asset-backed securities) deal harmonywhen the latter firm prices US$1.8 billion The bond issue is backed by more than 1 million music rights.
Meanwhile, in 2021, former Tempo Music CEO Sherry Clark Suarez settings Hong Kong View Equity Partners With support from Apollo. HarborView has accumulated approx. $1.6 billion In “Regulatory Managed Assets”.
Apollo also recently supported harmony The latter company is bidding for the assets of Hipgnosis Songs Fund (HSF).
Concord officially withdrew from the HSF bidding war in May, and global investment giant Blackstone became the frontrunner in the HSF acquisition war.
Before this result occurs, Apollo Debt and minority equity were committed to the bidding entity (Concord Chorus Ltd), which provided US$1.51 billion Acquisition of HSF.
Earlier today, Hipgnosis Song Fund Confirmation that it will delist from the London Stock Exchange next week effectively provides a rubber stamp for Blackstone to acquire HSF.
It is understood that Sony Music Group will purchase Queen’s global music publishing rights, their “name and likeness rights”, and their recorded music rights – including their recording rights outside North America, and their master rights outside North America. Regionally owned. disney music group.global music business
