Sony Acquires 3.4 Billion Euro Music Rights Portfolio
Tech giant purchases 45,000 songs including works by Shakira, Beyoncé and Lady Gaga from Blackstone-owned Recognition Music Group.
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Sony has acquired the music rights to 45,000 songs for 3.4 billion euros from Recognition Music Group, a portfolio owned by investment firm Blackstone. The catalog spans multiple genres and includes major artists such as Shakira, Beyoncé, Lady Gaga, Red Hot Chili Peppers, Bon Jovi, and Leonard Cohen.
The deal underscores ongoing consolidation in music rights acquisition as technology companies and investment firms vie for control of cultural IP. Music publishing has become a major asset class, with top portfolios commanding valuations exceeding billions.
Sony's purchase represents one of the largest music rights transactions in recent years, extending the company's dominant position in music publishing.