Warner Music Group and Bain Capital are launching a joint venture to allow for the purchase of up to $1.2 billion in music catalogs across both recorded music and music publishing. The partnership was formed through equal equity commitments from WMG and Bain Capital.
WMG and Bain will together source and acquire the catalogs, while WMG will manage all aspects of marketing, distribution, and administration. The deal combines WMG’s infrastructure and relationships with Bain Capital’s global resources and financial capabilities.