Universal Music Group’s (UMG) acquisition of a 25.8% stake in Chord Music Partners for $240 million marks a significant move in the music industry, promising to reshape visibility and monetization avenues for artists. This strategic partnership highlights UMG’s commitment to managing and expanding a valuable catalog of over 60,000 copyrights. (Music Business Worldwide).
Chord Music Partners, established by KKR and Dundee Partners, represents a high-quality catalog of premier music intellectual property. With the exit of KKR from Chord, the partnership shifts, enabling UMG and Dundee Partners to leverage UMG’s global network for the active management of Chord’s rights.
Universal Music Group
Universal Music Group’s partnership is poised to create a premier platform for music investment and a permanent home for artists’ legacies and their iconic cultural works, reflecting a shared commitment to being respectful stewards of artists’ music. (
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