BMG and KKR strike a deal to buy music copyrights - have billions to spend

Label and publisher BMG and investment firm KKR announced a partnership to fund acquisitions of major recorded music and publishing catalogs, establishing yet another player in the gold rush for music’s biggest song collections, Music Business Worldwide reports. KKR currently manages global assets with a combined worth over $230 billion. KKR partner Nat Zilkha tells Rolling Stone the companies are prepared to spend into the billions.