Sony launches $2B music rights acquisition JV with Singapore’s GIC
Sony Music Group has partnered with Singapore's sovereign wealth fund, GIC Pte, to form a joint venture focused on acquiring music rights. The venture plans to invest between $2 billion and $3 billion, targeting "high-quality, marquee music assets across a range of genres." This collaboration leverages GIC's long-term capital and Sony Music Group's operational expertise to manage premier music catalogs and create new opportunities for artists and songwriters.
https://www.musicbusinessworldwide.com/sony-to-form-2bn-music-rights-acquisition-jv-with-singapores-gic-pte-sovereign-wealth-fund-report/