Reported about 7 hours ago
Blackstone Inc. is seeking to sell music rights, including works from Bob Dylan and Adele, aiming to achieve a valuation of over $3 billion. Several financial firms have shown interest, with the market for performance rights becoming increasingly lucrative due to the rise in streaming revenues. Since acquiring SESAC in 2017 for about $1 billion, Blackstone has seen the value of music assets soar, and it looks for similar valuations following a recent high-profile sale in the industry.
Source: YAHOO