KKR to Acquire Leading Software Provider Yayoi from ORIX
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KKR & Co. (KKR) and BMG Acquire Music Interests of Rock Icons ZZ Top
December 21, 2021 7:00 AM ESTGlobal music company BMG and global investment firm KKR (NYSE: KKR) today announced that they have acquired the entire music interests of American rock icons ZZ Top.
The transaction marks the latest significant music rights deal the two companies have struck together since announcing in March 2021 that they would join forces in the fast-growing market for music IP.
The ZZ Top agreement includes a buyout of the bands publishing catalogue and their income from recorded royalties and performance royalties. Previously, BMG served as co-publisher and administrator of ZZ Tops publishing... More
