BlackRock and Warner Music Group have invested $750 million in a fund to amass music-rights catalogs from female and diverse artists, according to people familiar with the deal
BlackRock Inc. and Warner Music Group Corp. have invested $750 million in a fund to amass music-rights catalogs from female and diverse artists, according to people familiar with the deal.
The fund, in partnership with music investment and management firm Influence Media, is taking a novel approach to the frothy market in a bet on younger songs.
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