Warner Music and Bain Target $300mn Red Hot Chili Peppers Catalogue Deal

Warner Music and Bain Set Venture, Seek Red Hot Chili Peppers Songs

Warner Music Group Corp. and investment firm Bain Capital are joining together to invest as much as $1.2 billion in iconic music catalogs.

A PE giant is making a push into the music industry. Its first target: $300 million for the entire Red Hot Chili Peppers catalog

Jeff Kravitz/Getty ImagesPrivate equity firm Bain Capital is teaming up with Warner Music to re-enter the music industry.Its first target: the full Red Hot Chili Peppers catalog, which could fetch more than $300 million.Music has been a defensive investment for years amid economic and market turmoil.Bain Capital is dreaming of Californication.The private equity giant is in talks to re-enter the music industry through a partnership with Warner Mu…

Warner Music Group Launches $1.2B Joint Venture With Bain Capital For Music Acquisitions

"Augmenting our deep expertise and global infrastructure with Bain Capital’s financial prowess and belief in music will make us the destination of choice for preeminent catalogs," WMG CEO Robert Kyncl said.

Warner Music and Bain Capital Launch $1.2 Billion Catalog Acquisition Venture

Warner Music and Bain Capital announce a $1.2 billion joint venture aimed at acquiring music catalogs, including recorded music and publishing rights

Warner Music and Bain target $300mn Red Hot Chili Peppers catalogue deal

Acquisition would be a coup for record company and private equity firm’s new song rights joint venture

Warner Music and Bain Capital Announce $1.2 Billion Joint Venture to Invest in Music Catalogs

Warner Music Group and Bain Capital are launching a joint venture to allow for the purchase of up to $1.2 billion in music catalogs.