After Hours

5y

I wish some people here have the same taste as you

maruchinn

5y

this was nuts, i have to get sth from this collection one day

Hurry Up Wolf

5y

thought it was one person replying to themselves

Hurry Up Wolf

5y

thought it was one person replying to themselves

RCLamp

5y

I love Take My Breath so much. S*** goes so hard in the gym, the car, the shower, while gaming, while chillin, man…….

Antidote

5y

Yeah, this is coming out in January now

Jalen Brunson Fan

5y

Nearly two years between AH and this, wild because it doesn't feel that long like AT ALL

kiddash3r

5y

again, @theweekndxo ,please , Jamie XX and Mustafa

CyberPunk

5y

is that Abel's KTT account ?

kiddash3r

5y

anyone that has more knowledge,can you tell us what does this mean?

https://www.ft.com/content/4c46aed3-bf84-42e9-b9d1-28d580a0161f

A KKR-led investor group is closing in on a deal to buy a song catalogue spanning hits from Lorde and The Weeknd for $1.1bn, the latest sign a private equity-fuelled land rush for music hits is gaining pace.

Indie music company Kobalt is in advanced talks to sell the catalogue to a consortium led by KKR, which will take a majority stake, and the family office of Stephen Hendel, a former Goldman Sachs partner, according to people familiar with the talks.

Negotiations were advanced and a deal could be announced as soon as this week, these people said. The catalogue had also attracted bids from an Apollo-backed consortium and Todd Boehly’s Eldridge Industries.

The deal comes as private equity groups have invested billions in the music industry, as they search for places to allocate capital in an ultra-low interest rate environment.

The years-long frenzy has only accelerated in recent weeks: Blackstone on Tuesday revealed it would back a fresh $1bn fund to buy music rights with Hipgnosis and Apollo announced a $1bn fund with former Morgan Stanley banker Sherrese Soares last week.

Private equity groups, specialist buyers such as Hipgnosis, and large music labels have battled for the catalogues of established artists, whose music has enjoyed a new lease on life thanks to streaming. The competition has lifted valuations, effectively doubling prices over the past decade as artists including Bob Dylan and Stevie Nicks cash in.

KKR earlier this year said it would team up with BMG, one of the world’s largest music companies, to target acquisitions of music labels and catalogues. Hartwig Masuch, BMG chief executive, told the Financial Times that KKR would provide the financial firepower for BMG to compete for the best assets.

The company also this year agreed to buy a majority stake in the catalogue of songwriter Ryan Tedder.

KKR and Hendel declined to comment. Billboard reported last week that KKR was a possible buyer for Kobalt’s catalogue.

Antidote

5y

Yeah, this is coming out in January now

Levy

5y

Based on what?

BGFX

5y

it sounds like they might be buying like rights?

I'm not exactly sure

kiddash3r

5y

idk but financial times goons are at my door because i posted the full article

maruchinn

5y

i'm sticking to my guns, rollout resumes in may