Sony, Singapore’s GIC to invest US$2 billion in music catalogues
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Sony Group and Singapore’s GIC are launching a joint venture to invest US$2 billion to US$3 billion in music copyrights. Sony's music division will manage the acquired catalogues, focusing on distribution and licensing. This partnership follows similar deals by Universal Music Group and Warner Music Group, highlighting the trend of major music companies collaborating with financiers to expand their rights. The investment aims to acquire high-quality music assets, capitalizing on the growing value of music copyrights amid the rise of paid streaming.
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