Fleetwood Mac, Beyonce Songs
Variety • • entertainment
Key Points:
- Sony Music Publishing has agreed to acquire the entire music rights portfolio of Recognition Music Group from Blackstone-managed funds, with the deal valued around $2 billion, pending customary closing conditions.
- The acquisition includes shares in over 45,000 songs by major artists such as Journey, Beyoncé, Bruno Mars, Leonard Cohen, Lady Gaga, Rihanna, and Mariah Carey, among others.
- This transaction is part of a strategic partnership between Sony Music Group and GIC, aimed at acquiring diverse music catalog assets globally, following Sony's prior acquisition of Hipgnosis Songs Group in 2025.
- Blackstone views the deal as a strong outcome and a vote of confidence in music rights as an established asset class, while Recognition Music Group's CEO highlighted the milestone as a testament to the enduring value of the catalog.
- Legal and financial advisory roles were filled by prominent firms including Simpson Thatcher & Bartlett LLP, Kirkland & Ellis LLP, Ernst & Young, and Deloitte, among others.