Sony (SONY) Music Publishing announced its agreement to acquire the complete music rights portfolio of Recognition Music Group from funds managed by Blackstone (BX), subject to customary closing conditions. “The deal is in partnership with the investment venture announced earlier this year between GIC and Sony Music Group, focused on acquiring and growing high-quality music catalog assets across genres and international markets. The deal will see Sony Music Publishing acquiring Recognition’s entire catalog of works, encompassing over 45,000 songs performed by many of the world’s most renowned artists,” Sony stated. The transaction follows Sony Music Publishing’s previous acquisition of Hipgnosis Songs Group in 2025, reflecting its continued collaboration with Recognition and Blackstone, the company added.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SONY:
- Sony price target lowered to 3,900 yen from 4,250 yen at Benchmark
- Nintendo (NTDOY) Stock Falls 7% as Switch 2 Price Hike Exposes AI Memory Crunch
- Sony Group Earnings Call Highlights Record Profit, Caution
- Sony price target raised to $34 from $30.67 at BofA
- Sony reports $765M impairment loss in FY25 due to Bungie underperformance
