Warner Music, Bain Capital launch joint venture

Warner Music (WMG) Group and Bain Capital are launching a joint venture to allow for the purchase of up to $1.2B of legendary music catalogs across both recorded music and music publishing. The partnership was formed through equal equity commitments from WMG and Bain Capital. This new strategic venture will provide artists and songwriters with opportunities to preserve and expand the reach of their catalogs, ensuring their legacies are well cared for. WMG and Bain Capital will together source and acquire the catalogs, while WMG will manage all aspects of marketing, distribution, and administration. By combining WMG’s worldwide infrastructure and relationships with Bain Capital’s global resources and financial capabilities, the venture is well-positioned to set a new standard as the preferred partner for renowned musical talent.