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Sony in Talks to Acquire Recognition Music Group In Multibillion Dollar Deal
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Sony in Talks to Acquire Recognition Music Group In Multibillion Dollar Deal

The Hollywood Reporter·Ethan Millman·26 days ago
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Sony Music Group is in talks to acquire Recognition Music Group, sources confirm to The Hollywood Reporter , in what would mark just the latest 10-figure music deal to hit the market this year following Primary Wave’s acquisition of Kobalt and BMG’s acquisition of Concord. The deal, which hasn’t been finalized yet, would encompass mainly publishing rights from some of the most iconic acts in music including Justin Bieber, Neil Young and the Red Hot Chili Peppers. Financial details of the sale aren’t known, though Bloomberg reported the deal would be between $3.5 and $4 billion . Other sources, however, have suggested such a figure would be high for the acquisition. ( Billboard , which first reported news of a potential Recognition deal last week, reported a valuation at around $2 billion or more.) Both Sony and Blackstone declined to comment. Recognition Music Group’s origins go back to 2018 as the Merck Mercuriadis-founded Hipgnosis Songs.…

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